Concorde Asset Management LLC Purchases New Shares in Medical Properties Trust, Inc. $MPT

Concorde Asset Management LLC purchased a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 158,210 shares of the company’s stock, valued at approximately $745,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPT. OneAscent Family Office LLC purchased a new stake in shares of Medical Properties Trust during the second quarter worth about $49,000. Greenspring Advisors LLC purchased a new position in Medical Properties Trust in the second quarter valued at about $54,000. Callan Family Office LLC acquired a new stake in Medical Properties Trust during the 2nd quarter valued at approximately $66,000. Allworth Financial LP purchased a new stake in Medical Properties Trust during the 2nd quarter worth approximately $76,000. Finally, Sanctuary Advisors LLC purchased a new stake in Medical Properties Trust during the 2nd quarter worth approximately $81,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPT has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Weiss Ratings lowered shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $4.50.

Medical Properties Trust Stock Performance

Medical Properties Trust stock opened at $4.04 on Friday. The business’s 50-day moving average price is $4.49. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -67.33 and a beta of 1.41. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16. Medical Properties Trust, Inc. has a one year low of $3.96 and a one year high of $6.47.

Medical Properties Trust (NYSE:MPT) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $259.28 million for the quarter. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 8.9%. The ex-dividend date is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -600.00%.

Medical Properties Trust Profile

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.