Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) has been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.55.
Several research analysts recently commented on the stock. Credit Suisse Group lifted their target price on shares of Medical Properties Trust from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 17th. Mizuho decreased their target price on shares of Medical Properties Trust from $20.00 to $18.00 in a research note on Friday, December 2nd. KeyCorp cut their price target on shares of Medical Properties Trust from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, January 19th. Bank of America upgraded shares of Medical Properties Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $13.00 to $16.00 in a report on Monday, November 14th. They noted that the move was a valuation call. Finally, StockNews.com assumed coverage on shares of Medical Properties Trust in a report on Wednesday, October 12th. They issued a "hold" rating on the stock.
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Hedge Funds Weigh In On Medical Properties Trust
Several large investors have recently modified their holdings of MPW. Marshall Wace LLP raised its position in shares of Medical Properties Trust by 348.8% in the 3rd quarter. Marshall Wace LLP now owns 7,104,051 shares of the real estate investment trust's stock worth $84,256,000 after purchasing an additional 5,521,226 shares during the last quarter. State Street Corp raised its position in Medical Properties Trust by 11.7% in the 1st quarter. State Street Corp now owns 36,158,910 shares of the real estate investment trust's stock worth $774,593,000 after buying an additional 3,800,294 shares during the last quarter. Bank of New York Mellon Corp raised its position in Medical Properties Trust by 24.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 17,071,940 shares of the real estate investment trust's stock worth $202,473,000 after buying an additional 3,355,195 shares during the last quarter. Heitman Real Estate Securities LLC purchased a new position in Medical Properties Trust in the 3rd quarter worth about $34,536,000. Finally, Goldman Sachs Group Inc. raised its position in Medical Properties Trust by 175.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,850,463 shares of the real estate investment trust's stock worth $58,797,000 after buying an additional 2,451,617 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company's stock.
Medical Properties Trust Stock Down 0.9 %
Shares of NYSE MPW opened at $12.79 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.07. Medical Properties Trust has a 52 week low of $9.90 and a 52 week high of $22.26. The firm's fifty day moving average is $12.29 and its 200 day moving average is $13.08. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.73 and a beta of 0.93.
Medical Properties Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Thursday, December 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend was Wednesday, December 7th. Medical Properties Trust's dividend payout ratio is presently 55.77%.
About Medical Properties Trust
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Medical Properties Trust, Inc is a self-advised real estate investment trust, 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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