Lake Street Private Wealth LLC Makes New Investment in Medical Properties Trust, Inc. $MPT

Lake Street Private Wealth LLC acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 263,500 shares of the company’s stock, valued at approximately $912,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in Medical Properties Trust in the 3rd quarter worth about $27,000. Continuum Advisory LLC purchased a new stake in Medical Properties Trust in the 2nd quarter valued at about $31,000. NFSG Corp purchased a new stake in Medical Properties Trust in the 3rd quarter valued at about $34,000. Frank Rimerman Advisors LLC purchased a new stake in Medical Properties Trust in the 3rd quarter valued at about $35,000. Finally, Mainsail Asset Management LLC purchased a new stake in Medical Properties Trust in the 3rd quarter valued at about $36,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPT has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Wells Fargo & Company cut their price objective on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus price target of $4.15.

Medical Properties Trust Stock Up 3.0%

Shares of NYSE MPT opened at $2.71 on Friday. The stock has a market capitalization of $1.62 billion, a PE ratio of -45.17 and a beta of 1.45. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16. The firm has a fifty day moving average of $3.60 and a 200-day moving average of $4.40. Medical Properties Trust, Inc. has a 52-week low of $2.61 and a 52-week high of $6.47.

Medical Properties Trust (NYSE:MPT) last issued its earnings results on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%. The firm had revenue of $259.28 million for the quarter. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Medical Properties Trust, Inc. will post 0.53 EPS for the current year.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date was Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is -600.00%.

Medical Properties Trust Profile

Medical Properties Trust, Inc is a healthcare-focused real estate investment trust (REIT) that owns and invests in healthcare facilities. Its portfolio has historically included hospitals, inpatient rehabilitation facilities, long-term acute-care hospitals, behavioral health facilities and other properties used by healthcare providers.

Founded in 2003 and headquartered in Birmingham, Alabama, the company primarily generates income by leasing properties to healthcare operators under long-term agreements.