Bank of Nova Scotia Reduces Position in Medical Properties Trust, Inc. (NYSE:MPW)

Bank of Nova Scotia lessened its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPWGet Rating) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,871 shares of the real estate investment trust’s stock after selling 3,004 shares during the period. Bank of Nova Scotia’s holdings in Medical Properties Trust were worth $197,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State Street Corp grew its stake in shares of Medical Properties Trust by 11.7% in the 1st quarter. State Street Corp now owns 36,158,910 shares of the real estate investment trust’s stock valued at $774,593,000 after buying an additional 3,800,294 shares during the period. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of Medical Properties Trust in the 1st quarter valued at approximately $28,901,000. Sarasin & Partners LLP grew its stake in shares of Medical Properties Trust by 26.0% in the 2nd quarter. Sarasin & Partners LLP now owns 6,617,088 shares of the real estate investment trust’s stock valued at $101,043,000 after buying an additional 1,363,968 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Medical Properties Trust by 16.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,016,015 shares of the real estate investment trust’s stock valued at $61,325,000 after buying an additional 563,610 shares during the period. Finally, Brookstone Capital Management purchased a new stake in shares of Medical Properties Trust in the 2nd quarter valued at approximately $8,297,000. Hedge funds and other institutional investors own 80.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Mizuho dropped their price target on shares of Medical Properties Trust from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Barclays lowered their price objective on shares of Medical Properties Trust from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 21st. StockNews.com started coverage on shares of Medical Properties Trust in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada lowered their price objective on shares of Medical Properties Trust from $20.00 to $18.00 in a research report on Tuesday, October 4th. Finally, Bank of America raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $16.00 in a research report on Monday, November 14th. They noted that the move was a valuation call. Six equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.45.

Medical Properties Trust Price Performance

Medical Properties Trust stock opened at $12.53 on Tuesday. The firm has a market cap of $7.49 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.68 and a beta of 0.81. Medical Properties Trust, Inc. has a 52-week low of $9.90 and a 52-week high of $24.13. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $11.79 and its two-hundred day moving average is $14.68.

Medical Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Thursday, December 8th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, December 7th. This represents a $1.16 dividend on an annualized basis and a yield of 9.26%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 55.77%.

Medical Properties Trust Profile

(Get Rating)

Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis.

Read More

Institutional Ownership by Quarter for Medical Properties Trust (NYSE:MPW)

Receive News & Ratings for Medical Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medical Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.