Chicago Equity Partners LLC cut its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 208,070 shares of the real estate investment trust’s stock after selling 11,150 shares during the quarter. Chicago Equity Partners LLC owned about 0.06% of Medical Properties Trust worth $3,102,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sandler Capital Management grew its position in shares of Medical Properties Trust by 9.5% in the second quarter. Sandler Capital Management now owns 70,600 shares of the real estate investment trust’s stock valued at $991,000 after purchasing an additional 6,100 shares in the last quarter. Bank of New York Mellon Corp grew its position in Medical Properties Trust by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 9,096,460 shares of the real estate investment trust’s stock worth $127,715,000 after buying an additional 840,443 shares in the last quarter. Private Advisor Group LLC grew its position in Medical Properties Trust by 26.5% during the second quarter. Private Advisor Group LLC now owns 60,728 shares of the real estate investment trust’s stock worth $849,000 after buying an additional 12,725 shares in the last quarter. Flinton Capital Management LLC grew its position in Medical Properties Trust by 299.4% during the second quarter. Flinton Capital Management LLC now owns 191,726 shares of the real estate investment trust’s stock worth $2,692,000 after buying an additional 143,718 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in Medical Properties Trust by 24.9% during the second quarter. Federated Investors Inc. PA now owns 149,519 shares of the real estate investment trust’s stock worth $2,099,000 after buying an additional 29,802 shares in the last quarter. Institutional investors own 77.17% of the company’s stock.
In other news, Director Michael G. Stewart sold 12,400 shares of the company’s stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $14.13, for a total value of $175,212.00. Following the completion of the transaction, the director now directly owns 231,039 shares in the company, valued at approximately $3,264,581.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Kevin Hanna sold 15,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $14.84, for a total value of $222,600.00. The disclosure for this sale can be found here. Insiders sold a total of 127,400 shares of company stock valued at $1,890,812 over the last quarter. Company insiders own 0.83% of the company’s stock.
MPW opened at $16.72 on Friday. Medical Properties Trust, Inc. has a 12-month low of $11.82 and a 12-month high of $16.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.92 and a quick ratio of 2.19. The stock has a market capitalization of $5.96 billion, a PE ratio of 12.39, a PEG ratio of 3.46 and a beta of 0.47.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Medical Properties Trust had a return on equity of 9.06% and a net margin of 124.88%. The firm had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $192.64 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities research analysts expect that Medical Properties Trust, Inc. will post 1.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Thursday, September 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend was Wednesday, September 12th. Medical Properties Trust’s payout ratio is currently 74.07%.
Several equities analysts recently commented on MPW shares. ValuEngine upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus set a $14.00 target price on Medical Properties Trust and gave the stock a “hold” rating in a research report on Thursday, November 1st. JMP Securities set a $16.00 target price on Medical Properties Trust and gave the stock a “buy” rating in a research report on Monday, October 1st. Finally, Mitsubishi UFJ Financial Group boosted their target price on Medical Properties Trust to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Medical Properties Trust has an average rating of “Hold” and an average target price of $14.19.
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About Medical Properties Trust
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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