Moors & Cabot Inc. purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,492 shares of the real estate investment trust's stock, valued at approximately $136,000.
Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in Medical Properties Trust by 8.2% in the first quarter. HighTower Advisors LLC now owns 83,236 shares of the real estate investment trust's stock worth $1,755,000 after buying an additional 6,318 shares during the last quarter. AlphaCrest Capital Management LLC boosted its stake in Medical Properties Trust by 147.1% during the 1st quarter. AlphaCrest Capital Management LLC now owns 21,434 shares of the real estate investment trust's stock valued at $453,000 after purchasing an additional 12,761 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Medical Properties Trust by 15.4% in the 1st quarter. Raymond James Trust N.A. now owns 37,749 shares of the real estate investment trust's stock worth $798,000 after purchasing an additional 5,046 shares in the last quarter. Cibc World Market Inc. raised its stake in shares of Medical Properties Trust by 11.3% in the first quarter. Cibc World Market Inc. now owns 38,588 shares of the real estate investment trust's stock worth $816,000 after purchasing an additional 3,922 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Medical Properties Trust by 43.9% during the first quarter. Sei Investments Co. now owns 807,982 shares of the real estate investment trust's stock valued at $17,067,000 after purchasing an additional 246,411 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company's stock.
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Medical Properties Trust Price Performance
Shares of NYSE:MPW opened at $12.79 on Monday. The firm's 50 day simple moving average is $12.29 and its two-hundred day simple moving average is $13.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $7.65 billion, a P/E ratio of 6.15, a P/E/G ratio of 0.72 and a beta of 0.93. Medical Properties Trust, Inc. has a 1-year low of $9.90 and a 1-year high of $22.26.
Medical Properties Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Thursday, December 8th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $1.16 dividend on an annualized basis and a yield of 9.07%. Medical Properties Trust's dividend payout ratio is presently 55.77%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on MPW shares. Credit Suisse Group lifted their price objective on Medical Properties Trust from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Tuesday, January 17th. Mizuho dropped their target price on shares of Medical Properties Trust from $20.00 to $18.00 in a report on Friday, December 2nd. Bank of America raised Medical Properties Trust from a "neutral" rating to a "buy" rating and increased 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. StockNews.com started coverage on Medical Properties Trust in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Finally, KeyCorp lowered their target price on Medical Properties Trust from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, January 19th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.55.
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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