Medical Properties Trust (MPW) is Initiated by SunTrust to Buy

Medical Properties Trust (MPW) was Initiated by SunTrust to “Buy”. SunTrust advised their investors in a research report released on May 24, 2016.

On the company’s financial health, Medical Properties Trust reported $0.35 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $135.00 million for the quarter, compared to analysts expectations of $131.79 million. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Medical Properties Trust opened for trading at $13.91 and hit $14.14 on the upside on Friday, eventually ending the session at $14.08, with a gain of 1.88% or 0.26 points. The heightened volatility saw the trading volume jump to 3,84,07,197 shares. Company has a market cap of $3,349 M.

In a different news, on Apr 13, 2016, R Steven Hamner (Executive Vice President & CFO) sold 155,000 shares at $13.18 per share price. According to the SEC, on Apr 13, 2016, Emmett E Mclean (Executive Vice President & COO) sold 50,000 shares at $13.27 per share price. On Mar 18, 2015, Edward K Jr Aldag (Chairman, President and CEO) sold 204,156 shares at $14.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Medical Properties Trust Inc. is a self-advised real estate investment trust (REIT) focused on investing in and owning net-leased healthcare facilities. It conducts all of its business through MPT Operating Partnership L.P. It acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases. It also makes mortgage loans to healthcare operators collateralized by their real estate assets. The Company’s portfolio consists of 202 properties which includes 179 facilities that the Company owns and 14 properties controlled in the form of mortgage loans. The properties are leased/mortgaged to 29 tenants located in 28 states and Germany United Kingdom Italy and Spain. Of the total portfolio 9 facilities are under development. Its facilities consist of 64 general acute care hospitals 69 inpatient rehabilitation hospitals 23 long-term acute care hospitals 43 free standing emergency rooms and 3 medical office buildings.

Medical Properties Trust

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