Lake Street Private Wealth LLC Purchases New Stake in Medical Properties Trust, Inc. $MPT

Lake Street Private Wealth LLC purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPT) during the third quarter, HoldingsChannel reports. The institutional investor purchased 263,500 shares of the company’s stock, valued at approximately $912,000.

Several other institutional investors also recently bought and sold shares of the business. Continuum Advisory LLC purchased a new stake in Medical Properties Trust during the second quarter worth approximately $31,000. CoreCap Advisors LLC acquired a new stake in shares of Medical Properties Trust in the third quarter worth $27,000. Nykredit A S purchased a new position in shares of Medical Properties Trust in the 2nd quarter valued at $41,000. NFSG Corp purchased a new position in shares of Medical Properties Trust in the 3rd quarter valued at $34,000. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Medical Properties Trust in the 3rd quarter valued at $35,000. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MPT shares. Wells Fargo & Company reduced their target price on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a report on Tuesday, September 1st. Weiss Ratings downgraded Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Medical Properties Trust has a consensus rating of “Sell” and an average target price of $4.15.

Medical Properties Trust Price Performance

MPT stock opened at $2.71 on Friday. The firm has a market cap of $1.62 billion, a P/E ratio of -45.17 and a beta of 1.45. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.12 and a current ratio of 3.12. Medical Properties Trust, Inc. has a 1 year low of $2.61 and a 1 year high of $6.47. The stock has a 50-day simple moving average of $3.60 and a 200-day simple moving average of $4.40.

Medical Properties Trust (NYSE:MPT) last released its quarterly earnings results on Monday, August 10th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $259.28 million for the quarter. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%. Medical Properties Trust’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Medical Properties Trust, Inc. will post 0.53 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.36 annualized dividend and a yield of 13.3%. Medical Properties Trust’s dividend payout ratio (DPR) is -600.00%.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a healthcare-focused real estate investment trust (REIT) that owns and invests in healthcare facilities. Its portfolio has historically included hospitals, inpatient rehabilitation facilities, long-term acute-care hospitals, behavioral health facilities and other properties used by healthcare providers.

Founded in 2003 and headquartered in Birmingham, Alabama, the company primarily generates income by leasing properties to healthcare operators under long-term agreements.