Cornercap Investment Counsel Inc. Invests $477,000 in Medical Properties Trust, Inc. (MPW)

Cornercap Investment Counsel Inc. Invests $477,000 in Medical Properties Trust, Inc. (MPW)

Cornercap Investment Counsel Inc. purchased a new stake in Medical Properties Trust, Inc. (NYSE:MPW) during the fourth quarter, Holdings Channel reports. The firm purchased 38,760 shares of the real estate investment trust’s stock, valued at approximately $477,000.

A number of other large investors also recently modified their holdings of MPW. NN Investment Partners Holdings N.V. bought a new stake in shares of Medical Properties Trust during the fourth quarter valued at approximately $541,000. Brookfield Asset Management Inc. acquired a new stake in shares of Medical Properties Trust during the third quarter valued at about $81,889,000. Brinker Capital Inc. boosted its stake in shares of Medical Properties Trust by 35.4% in the third quarter. Brinker Capital Inc. now owns 15,352 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 4,011 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Medical Properties Trust by 68.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 234,591 shares of the real estate investment trust’s stock valued at $3,464,000 after buying an additional 95,379 shares during the period. Finally, Credit Suisse AG boosted its stake in shares of Medical Properties Trust by 40.2% in the third quarter. Credit Suisse AG now owns 1,249,840 shares of the real estate investment trust’s stock valued at $18,460,000 after buying an additional 358,620 shares during the period. 81.43% of the stock is owned by institutional investors.

Medical Properties Trust, Inc. (NYSE:MPW) traded down 2.00% on Friday, reaching $12.75. 456,123 shares of the company’s stock were exchanged. Medical Properties Trust, Inc. has a 1-year low of $9.78 and a 1-year high of $15.92. The company has a 50 day moving average price of $12.44 and a 200-day moving average price of $13.84. The company has a market capitalization of $3.14 billion, a PE ratio of 12.88 and a beta of 0.81.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Medical Properties Trust had a return on equity of 10.03% and a net margin of 46.26%. The business earned $126.60 million during the quarter, compared to analysts’ expectations of $124.33 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts anticipate that Medical Properties Trust, Inc. will post $0.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Thursday, December 8th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date was Tuesday, December 6th. Medical Properties Trust’s dividend payout ratio is currently 93.88%.

MPW has been the topic of several recent research reports. Zacks Investment Research cut shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 30th. JMP Securities reaffirmed a “hold” rating on shares of Medical Properties Trust in a research note on Monday, October 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $16.00 target price on shares of Medical Properties Trust in a research note on Thursday, November 3rd. Stifel Nicolaus lowered their target price on shares of Medical Properties Trust from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Monday, November 7th. Finally, Barclays PLC started coverage on shares of Medical Properties Trust in a research report on Tuesday, November 22nd. They set an “equal weight” rating and a $14.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.22.

In related news, VP James Kevin Hanna sold 10,000 shares of Medical Properties Trust stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $12.57, for a total transaction of $125,700.00. Following the completion of the sale, the vice president now owns 87,343 shares in the company, valued at approximately $1,097,901.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.44% of the company’s stock.

Medical Properties Trust Company Profile

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.

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