Morgan Stanley cut its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,870,265 shares of the real estate investment trust’s stock after selling 338,460 shares during the period. Morgan Stanley’s holdings in Medical Properties Trust were worth $24,107,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Medical Properties Trust by 15.1% in the first quarter. IFP Advisors Inc now owns 9,009 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,182 shares during the period. Neuburgh Advisers LLC raised its position in Medical Properties Trust by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 10,582 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 616 shares during the period. Greenwich Wealth Management LLC bought a new position in Medical Properties Trust during the first quarter worth about $141,000. Huntington National Bank raised its position in Medical Properties Trust by 70.1% in the first quarter. Huntington National Bank now owns 11,434 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 4,712 shares during the period. Finally, GW&K Investment Management LLC bought a new position in Medical Properties Trust during the first quarter worth about $148,000. Hedge funds and other institutional investors own 78.42% of the company’s stock.
Shares of Medical Properties Trust, Inc. (MPW) opened at 12.43 on Monday. Medical Properties Trust, Inc. has a 1-year low of $11.54 and a 1-year high of $15.91. The firm has a market capitalization of $3.99 billion, a PE ratio of 14.92 and a beta of 0.89. The firm has a 50-day moving average price of $13.20 and a 200-day moving average price of $12.96.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Medical Properties Trust had a net margin of 41.79% and a return on equity of 7.94%. The business had revenue of $156.40 million for the quarter, compared to analysts’ expectations of $156.91 million. During the same quarter last year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts forecast that Medical Properties Trust, Inc. will post $0.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 7.72%. Medical Properties Trust’s payout ratio is 114.29%.
A number of research firms recently issued reports on MPW. Jefferies Group LLC upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. BidaskClub upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Deutsche Bank AG lifted their target price on Medical Properties Trust from $13.50 to $15.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. ValuEngine lowered Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Medical Properties Trust in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.22.
In other news, CFO R Steven Hamner sold 85,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $13.36, for a total transaction of $1,135,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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