Signaturefd LLC raised its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 44.0% in the second quarter, HoldingsChannel.com reports. The fund owned 11,349 shares of the real estate investment trust’s stock after buying an additional 3,468 shares during the quarter. Signaturefd LLC’s holdings in Medical Properties Trust were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the business. Paloma Partners Management Co bought a new stake in Medical Properties Trust during the second quarter valued at about $1,436,000. Macquarie Group Ltd. boosted its holdings in Medical Properties Trust by 6.8% during the second quarter. Macquarie Group Ltd. now owns 260,500 shares of the real estate investment trust’s stock valued at $3,658,000 after acquiring an additional 16,500 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Medical Properties Trust by 44.6% during the second quarter. Cubist Systematic Strategies LLC now owns 26,897 shares of the real estate investment trust’s stock valued at $378,000 after acquiring an additional 8,297 shares during the period. Bank of America Corp DE boosted its holdings in Medical Properties Trust by 2.5% during the second quarter. Bank of America Corp DE now owns 1,826,729 shares of the real estate investment trust’s stock valued at $25,646,000 after acquiring an additional 45,008 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in Medical Properties Trust during the second quarter valued at about $128,000. Institutional investors own 77.05% of the company’s stock.
A number of equities research analysts have issued reports on MPW shares. Jefferies Financial Group cut shares of Medical Properties Trust from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a report on Tuesday, July 17th. Wells Fargo & Co upped their price target on shares of Medical Properties Trust from $11.50 to $13.00 and gave the company an “underperform” rating in a report on Thursday, May 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.07.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The company had revenue of $201.90 million for the quarter, compared to analyst estimates of $206.72 million. Medical Properties Trust had a net margin of 44.46% and a return on equity of 9.12%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. equities analysts predict that Medical Properties Trust, Inc. will post 1.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Thursday, September 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Wednesday, September 12th. Medical Properties Trust’s dividend payout ratio is currently 74.07%.
In related news, Director G Steven Dawson acquired 5,662 shares of the business’s stock in a transaction dated Thursday, July 12th. The stock was acquired at an average price of $14.41 per share, with a total value of $81,589.42. Following the completion of the transaction, the director now owns 77,572 shares of the company’s stock, valued at $1,117,812.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Emmett E. Mclean sold 100,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $14.93, for a total transaction of $1,493,000.00. Following the transaction, the insider now directly owns 963,965 shares of the company’s stock, valued at approximately $14,391,997.45. The disclosure for this sale can be found here. Insiders have sold 153,409 shares of company stock valued at $2,281,467 in the last ninety days. 0.83% of the stock is owned by company insiders.
Medical Properties Trust Company Profile
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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