Medical Properties Trust (MPW) Releases Quarterly Earnings Results

Medical Properties Trust (NYSE:MPW) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02, Bloomberg Earnings reports. The company had revenue of $205.00 million for the quarter, compared to analysts’ expectations of $204.52 million. Medical Properties Trust had a return on equity of 7.36% and a net margin of 39.95%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. Medical Properties Trust updated its FY18 guidance to $1.42-1.46 EPS.

Medical Properties Trust (NYSE:MPW) remained flat at $$12.25 during midday trading on Thursday. The company had a trading volume of 1,893,680 shares, compared to its average volume of 2,207,865. Medical Properties Trust has a 12-month low of $11.82 and a 12-month high of $14.22. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $4,460.00, a PE ratio of 16.12, a PEG ratio of 1.52 and a beta of 0.79.

Several research analysts have issued reports on MPW shares. Zacks Investment Research raised Medical Properties Trust from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, October 24th. ValuEngine raised Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $15.00 price target on shares of Medical Properties Trust in a report on Friday, November 3rd. Robert W. Baird cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $13.00 in a report on Friday, January 5th. Finally, JPMorgan Chase & Co. raised Medical Properties Trust from an “underweight” rating to a “neutral” rating and set a $14.50 price target on the stock in a report on Friday, December 15th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Medical Properties Trust currently has a consensus rating of “Hold” and an average price target of $14.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of MPW. LSV Asset Management grew its position in Medical Properties Trust by 46.9% during the 4th quarter. LSV Asset Management now owns 8,788,100 shares of the real estate investment trust’s stock worth $121,100,000 after purchasing an additional 2,805,124 shares in the last quarter. Bank of New York Mellon Corp grew its position in Medical Properties Trust by 9.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,803,927 shares of the real estate investment trust’s stock worth $194,375,000 after purchasing an additional 1,278,480 shares in the last quarter. Prudential Financial Inc. grew its position in Medical Properties Trust by 28.7% during the 3rd quarter. Prudential Financial Inc. now owns 5,562,595 shares of the real estate investment trust’s stock worth $73,037,000 after purchasing an additional 1,241,797 shares in the last quarter. Advisors Capital Management LLC grew its position in Medical Properties Trust by 1,478.3% during the 3rd quarter. Advisors Capital Management LLC now owns 872,735 shares of the real estate investment trust’s stock worth $11,459,000 after purchasing an additional 817,440 shares in the last quarter. Finally, Chicago Equity Partners LLC grew its position in Medical Properties Trust by 233.4% during the 4th quarter. Chicago Equity Partners LLC now owns 763,030 shares of the real estate investment trust’s stock worth $10,515,000 after purchasing an additional 534,180 shares in the last quarter. Hedge funds and other institutional investors own 81.30% 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.

Earnings History for Medical Properties Trust (NYSE:MPW)

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