Medical Properties Trust, Inc. (MPW) Expected to Post Quarterly Sales of $162.15 Million
Equities analysts expect Medical Properties Trust, Inc. (NYSE:MPW) to report sales of $162.15 million for the current quarter, according to Zacks. Five analysts have made estimates for Medical Properties Trust’s earnings, with the highest sales estimate coming in at $170.32 million and the lowest estimate coming in at $156.63 million. Medical Properties Trust reported sales of $126.3 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.4%. The firm is expected to issue its next earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Medical Properties Trust will report full year sales of $162.15 million for the current fiscal year, with estimates ranging from $626.3 million to $690.79 million. For the next year, analysts expect that the firm will post sales of $700.18 million per share, with estimates ranging from $626.3 million to $783.86 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Medical Properties Trust.
Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $156.40 million during the quarter, compared to the consensus estimate of $156.91 million. Medical Properties Trust had a return on equity of 8.40% and a net margin of 41.59%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS.
A number of equities research analysts have weighed in on MPW shares. Zacks Investment Research cut shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, January 20th. Barclays PLC upped their price objective on shares of Medical Properties Trust to $14.00 in a report on Friday, February 10th. SunTrust Banks, Inc. restated a “buy” rating on shares of Medical Properties Trust in a report on Wednesday, March 8th. Robert W. Baird started coverage on shares of Medical Properties Trust in a report on Thursday, March 9th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, Deutsche Bank AG upped their price objective on shares of Medical Properties Trust from $13.50 to $15.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.11.
Medical Properties Trust (NYSE:MPW) traded up 1.323% during trading on Wednesday, reaching $13.405. The company’s stock had a trading volume of 1,156,585 shares. Medical Properties Trust has a one year low of $11.54 and a one year high of $15.92. The company has a 50-day moving average of $13.38 and a 200 day moving average of $12.77. The firm has a market cap of $4.30 billion, a PE ratio of 16.092 and a beta of 0.78.
In related news, Chairman Edward K. Aldag, Jr. sold 301,845 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $12.74, for a total value of $3,845,505.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William G. Mckenzie sold 41,270 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $12.46, for a total transaction of $514,224.20. Following the completion of the sale, the director now owns 42,189 shares in the company, valued at approximately $525,674.94. The disclosure for this sale can be found here. Corporate insiders own 1.44% of the company’s stock.
A number of large investors have recently modified their holdings of MPW. IFP Advisors Inc boosted its stake in shares of 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 valued at $116,000 after buying an additional 1,182 shares in the last quarter. Advantage Investment Management LLC bought a new stake in shares of Medical Properties Trust during the fourth quarter valued at about $123,000. Neuburgh Advisers LLC boosted its stake in shares of 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 valued at $136,000 after buying an additional 616 shares in the last quarter. Greenwich Wealth Management LLC bought a new stake in shares of Medical Properties Trust during the first quarter valued at about $141,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Medical Properties Trust during the fourth quarter valued at about $136,000. Institutional investors own 81.89% of the company’s stock.
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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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