Sanctuary Advisors LLC Makes New Investment in Medical Properties Trust, Inc. (NYSE:MPW)

Sanctuary Advisors LLC purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,379 shares of the real estate investment trust’s stock, valued at approximately $56,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Medical Properties Trust by 8.2% in the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after purchasing an additional 7,084,981 shares during the period. Goldentree Asset Management LP purchased a new stake in Medical Properties Trust during the first quarter worth approximately $15,966,000. Bank of New York Mellon Corp lifted its stake in Medical Properties Trust by 22.6% in 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 last quarter. Wilsey Asset Management Inc. lifted its stake in Medical Properties Trust by 27.2% in the second quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock valued at $18,861,000 after buying an additional 936,631 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Medical Properties Trust by 40.6% in the first quarter. Principal Financial Group Inc. now owns 3,090,890 shares of the real estate investment trust’s stock valued at $14,527,000 after buying an additional 891,957 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Down 5.0 %

Medical Properties Trust stock opened at $4.74 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of -2.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.29. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The stock’s fifty day moving average is $5.15 and its two-hundred day moving average is $4.90.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.75). The firm had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s quarterly revenue was down 21.0% on a year-over-year basis. Analysts predict that Medical Properties Trust, Inc. will post 0.85 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were issued a $0.08 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.75%. Medical Properties Trust’s dividend payout ratio (DPR) is -14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Truist Financial upped their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 13th. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, September 13th. Finally, BNP Paribas lowered Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $6.00 to $4.00 in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.38.

Insider Transactions at Medical Properties Trust

In other news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the transaction, the director now owns 221,245 shares in the company, valued at approximately $1,207,997.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares in the company, valued at approximately $239,310.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,335 shares of company stock worth $318,825 in the last three months. 1.53% of the stock is currently owned by company insiders.

About Medical Properties Trust

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.