Corient Private Wealth LP Acquires Shares of 794,300 Medical Properties Trust, Inc. $MPT

Corient Private Wealth LP acquired a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT) during the 2nd quarter, Holdings Channel reports. The firm acquired 794,300 shares of the company’s stock, valued at approximately $3,670,000.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Medical Properties Trust during the 2nd quarter valued at approximately $347,673,000. Advisors Capital Management LLC bought a new stake in shares of Medical Properties Trust in the second quarter worth $30,483,000. Bank of New York Mellon Corp bought a new stake in shares of Medical Properties Trust in the second quarter worth $28,285,000. Deutsche Bank AG acquired a new stake in Medical Properties Trust in the second quarter valued at $25,302,000. Finally, Legal & General Group Plc acquired a new stake in Medical Properties Trust in the second quarter valued at $15,900,000. 71.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. 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. Royal Bank Of Canada cut 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 research note on Thursday, June 18th. Finally, Wells Fargo & Company reduced their price target on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Medical Properties Trust has a consensus rating of “Sell” and an average target price of $4.15.

Medical Properties Trust Price Performance

Shares of MPT opened at $4.04 on Wednesday. The stock’s fifty day moving average price is $4.46. Medical Properties Trust, Inc. has a 12-month low of $3.89 and a 12-month high of $6.47. The company has a market capitalization of $2.41 billion, a PE ratio of -67.33 and a beta of 1.40. 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 (NYSE:MPT) last released its quarterly earnings data on Monday, August 10th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The firm had revenue of $259.28 million during the quarter. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current fiscal year.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders 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 dividend yield of 8.9%. Medical Properties Trust’s payout ratio is -600.00%.

About Medical Properties Trust

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.