Fifth Third Wealth Advisors LLC Purchases New Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Fifth Third Wealth Advisors LLC acquired a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,796 shares of the real estate investment trust’s stock, valued at approximately $77,000.

A number of other institutional investors have also modified their holdings of MPW. International Assets Investment Management LLC increased its holdings in Medical Properties Trust by 19.4% in the fourth quarter. International Assets Investment Management LLC now owns 170,283 shares of the real estate investment trust’s stock valued at $836,000 after buying an additional 27,710 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Medical Properties Trust in the 4th quarter valued at approximately $826,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Medical Properties Trust by 5.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 297,083 shares of the real estate investment trust’s stock valued at $1,459,000 after acquiring an additional 16,632 shares in the last quarter. Greenleaf Trust bought a new position in Medical Properties Trust during the fourth quarter worth $122,000. Finally, abrdn plc boosted its holdings in Medical Properties Trust by 321.0% in the fourth quarter. abrdn plc now owns 527,138 shares of the real estate investment trust’s stock worth $2,588,000 after purchasing an additional 401,920 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MPW shares. StockNews.com cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $5.00 target price on shares of Medical Properties Trust in a report on Tuesday, May 14th. BNP Paribas cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Finally, Truist Financial boosted their price objective on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, Medical Properties Trust has an average rating of “Hold” and a consensus price target of $4.86.

Insider Buying and Selling at Medical Properties Trust

In related news, Director Elizabeth N. Pitman sold 10,025 shares of Medical Properties Trust stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $4.98, for a total value of $49,924.50. Following the transaction, the director now owns 68,653 shares of the company’s stock, valued at approximately $341,891.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.53% of the stock is owned by corporate insiders.

Medical Properties Trust Trading Down 0.7 %

Shares of NYSE:MPW opened at $4.51 on Friday. The company has a 50 day moving average of $4.67 and a 200-day moving average of $4.55. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.51. The firm has a market cap of $2.71 billion, a P/E ratio of -2.03, a P/E/G ratio of 0.65 and a beta of 1.27. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $7.40.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) 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 analysts’ expectations of $259.53 million. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, analysts anticipate that Medical Properties Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -27.03%.

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.