Public Employees Retirement System of Ohio Invests $3.29 Million in Medical Properties Trust, Inc. $MPT

Public Employees Retirement System of Ohio acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 711,321 shares of the company’s stock, valued at approximately $3,286,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Medical Properties Trust during the 2nd quarter worth about $141,000. Corient Private Wealth LP acquired a new position in Medical Properties Trust in the 2nd quarter valued at about $3,670,000. Bank of America Corp DE acquired a new position in Medical Properties Trust in the 2nd quarter valued at about $8,059,000. Freestone Grove Partners LP purchased a new stake in Medical Properties Trust during the second quarter worth about $90,000. Finally, Odyssean LLC increased its stake in Medical Properties Trust by 133.8% during the second quarter. Odyssean LLC now owns 599,358 shares of the company’s stock worth $2,769,000 after purchasing an additional 343,015 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

MPT opened at $4.02 on Friday. The business’s fifty day moving average is $4.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.12 and a quick ratio of 3.12. Medical Properties Trust, Inc. has a 12 month low of $3.89 and a 12 month high of $6.47. The firm has a market cap of $2.40 billion, a PE ratio of -67.00 and a beta of 1.40.

Medical Properties Trust (NYSE:MPT) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $259.28 million for the quarter. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current year.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 annualized dividend and a yield of 9.0%. Medical Properties Trust’s dividend payout ratio (DPR) is -600.00%.

Analyst Upgrades and Downgrades

MPT has been the topic of several research reports. Weiss Ratings cut shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Wells Fargo & Company cut their target price on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Royal Bank Of Canada reduced their target price 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. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $4.15.

Medical Properties Trust Company 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.