Medical Properties Trust, Inc. (NYSE:MPW) – Stock analysts at Jefferies Financial Group raised their FY2022 earnings per share estimates for Medical Properties Trust in a report released on Tuesday, November 23rd. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $1.91 for the year, up from their previous forecast of $1.88.
Several other research firms have also recently commented on MPW. Bank of America upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.50 to $24.00 in a report on Wednesday, October 27th. Zacks Investment Research lowered shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 5th. Raymond James raised their price objective on shares of Medical Properties Trust from $25.00 to $26.00 and gave the company a “strong-buy” rating in a research report on Friday, October 29th. Finally, Royal Bank of Canada raised shares of Medical Properties Trust from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research report on Wednesday, August 11th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Medical Properties Trust presently has an average rating of “Buy” and an average target price of $24.00.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). The company had revenue of $390.78 million for the quarter, compared to analyst estimates of $387.24 million. Medical Properties Trust had a return on equity of 6.90% and a net margin of 38.08%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share.
Large investors have recently added to or reduced their stakes in the company. Dark Forest Capital Management LP bought a new position in shares of Medical Properties Trust in the third quarter valued at approximately $26,000. Allworth Financial LP bought a new position in shares of Medical Properties Trust in the second quarter valued at approximately $26,000. Bedel Financial Consulting Inc. raised its position in shares of Medical Properties Trust by 400.0% in the second quarter. Bedel Financial Consulting Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,200 shares during the period. Penserra Capital Management LLC raised its position in shares of Medical Properties Trust by 42.1% in the second quarter. Penserra Capital Management LLC now owns 1,876 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 556 shares during the period. Finally, North Star Investment Management Corp. grew its stake in shares of Medical Properties Trust by 290.0% in the second quarter. North Star Investment Management Corp. now owns 1,950 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,450 shares during the last quarter. 78.89% of the stock is currently owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Thursday, December 9th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Wednesday, December 8th. Medical Properties Trust’s dividend payout ratio is 116.67%.
About Medical Properties Trust
Medical Properties Trust, Inc is a self-advised real estate investment trust, which engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals; long-term acute care hospitals; ambulatory surgery centers; hospitals for women and children; regional and community hospitals; medical office buildings; and other single-discipline facilities.
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