Medical Properties Trust (MPW) Stock Rating Lowered by Zacks Investment Research

Medical Properties Trust (NYSE:MPW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT’s financing model allows hospitals and other healthcare facilities to unlock the value of their underlying real estate in order to fund facility improvements, technology upgrades, staff additions and new construction. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. “

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A number of other brokerages also recently commented on MPW. Robert W. Baird downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $13.00 in a research note on Friday, January 5th. Deutsche Bank downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $13.50 in a research note on Wednesday, January 10th. Finally, ValuEngine downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.28.

Shares of NYSE:MPW opened at $12.53 on Wednesday. The company has a market capitalization of $4,627.98, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 2.56 and a beta of 0.69. Medical Properties Trust has a 52 week low of $11.82 and a 52 week high of $14.19. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 1.28.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $205.00 million during the quarter, compared to the consensus estimate of $204.52 million. Medical Properties Trust had a net margin of 41.12% and a return on equity of 7.85%. Medical Properties Trust’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. sell-side analysts predict that Medical Properties Trust will post 1.43 EPS for the current fiscal year.

In other news, Chairman Edward K. Aldag, Jr. sold 489,971 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $12.39, for a total transaction of $6,070,740.69. Following the sale, the chairman now directly owns 2,192,629 shares of the company’s stock, valued at $27,166,673.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward K. Aldag, Jr. sold 116,216 shares of the business’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $12.56, for a total transaction of $1,459,672.96. Following the sale, the chairman now directly owns 1,759,620 shares in the company, valued at $22,100,827.20. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management grew its holdings in shares of Medical Properties Trust by 46.9% during the fourth quarter. LSV Asset Management now owns 8,788,100 shares of the real estate investment trust’s stock valued at $121,100,000 after buying an additional 2,805,124 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Medical Properties Trust by 28.7% during the third quarter. Prudential Financial Inc. now owns 5,562,595 shares of the real estate investment trust’s stock valued at $73,037,000 after buying an additional 1,241,797 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Medical Properties Trust by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,997,762 shares of the real estate investment trust’s stock valued at $65,619,000 after buying an additional 187,314 shares during the last quarter. Virtus Fund Advisers LLC grew its holdings in shares of Medical Properties Trust by 1.1% during the fourth quarter. Virtus Fund Advisers LLC now owns 4,618,450 shares of the real estate investment trust’s stock valued at $64,753,000 after buying an additional 48,100 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of Medical Properties Trust by 24.8% during the fourth quarter. Earnest Partners LLC now owns 4,109,100 shares of the real estate investment trust’s stock valued at $56,623,000 after buying an additional 816,225 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.

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