Medical Properties Trust, Inc. (NYSE:MPW) Position Reduced by Inspire Investing LLC

Inspire Investing LLC reduced its position in Medical Properties Trust, Inc. (NYSE:MPW) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,887 shares of the real estate investment trust’s stock after selling 17,923 shares during the period. Inspire Investing LLC’s holdings in Medical Properties Trust were worth $353,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Medical Properties Trust by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock worth $437,373,000 after purchasing an additional 7,084,981 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Medical Properties Trust by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock valued at $37,168,000 after buying an additional 328,184 shares in the last quarter. Bank of New York Mellon Corp raised its position in Medical Properties Trust by 22.6% during the second quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock valued at $29,775,000 after buying an additional 1,274,481 shares during the period. Coatue Management LLC lifted its stake in Medical Properties Trust by 18.5% in the 4th quarter. Coatue Management LLC now owns 6,806,501 shares of the real estate investment trust’s stock worth $33,420,000 after acquiring an additional 1,060,830 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in Medical Properties Trust by 6.5% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 5,395,068 shares of the real estate investment trust’s stock worth $26,490,000 after acquiring an additional 329,224 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Transactions at Medical Properties Trust

In other news, Director Elizabeth N. Pitman bought 8,087 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the purchase, the director now owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now owns 54,637 shares in the company, valued at approximately $239,310.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares in the company, valued at $461,207.40. The disclosure for this purchase can be found here. 1.53% of the stock is owned by corporate insiders.

Medical Properties Trust Stock Down 0.2 %

MPW stock opened at $5.76 on Monday. The firm has a market cap of $3.46 billion, a PE ratio of -2.59, a PEG ratio of 0.68 and a beta of 1.28. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The company has a fifty day simple moving average of $4.93 and a 200 day simple moving average of $4.75. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $259.53 million. During the same period in the prior year, the company earned $0.48 earnings per share. Medical Properties Trust’s revenue was down 21.0% on a year-over-year basis. Sell-side analysts anticipate that Medical Properties Trust, Inc. will post 0.89 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 9th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio is -14.41%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MPW shares. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. Truist Financial upped their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Finally, BNP Paribas lowered shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $5.22.

Medical Properties Trust Company Profile

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 hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.