Medical Properties Trust (MPW) was Initiated by Barclays to “Equal Weight” and the brokerage firm has set the Price Target at $14. Barclays advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Medical Properties Trust. Shares were Reiterated by Stifel on Nov 7, 2016 to “Hold” and Lowered the Price Target to $ 13 from a previous price target of $16 .
On the company’s financial health, Medical Properties Trust reported $0.30 EPS for the quarter, based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus estimate of $0.30. The company had revenue of $126.60 million for the quarter, compared to analysts expectations of $124.62 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Medical Properties Trust opened for trading at $12.29 and hit $12.33 on the upside on Monday, eventually ending the session at $12.28, with a gain of 0.16% or 0.02 points. The heightened volatility saw the trading volume jump to 27,13,843 shares. Company has a market cap of $3,933 M.
Investors should note that on Nov 10, 2016, Medical Properties Trust announced a cash dividend of $0.2300. The company’s management has announced Dec 6, 2016 as the ex-dividend date and fixed the record date on Dec 8, 2016. The payable date has been fixed on Jan 12, 2017.
In a different news, on Aug 23, 2016, G Steven Dawson (director) sold 10,000 shares at $15.36 per share price. According to the SEC, on Aug 11, 2016, Edward K Jr Aldag (Chairman, President and CEO) sold 50,000 shares at $15.52 per share price. On Jun 16, 2016, Emmett E Mclean (Executive Vice President & COO) sold 50,000 shares at $14.67 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.