Medical Properties Trust, Inc. (NYSE:MPW) Stock Holdings Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 19.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 244,004 shares of the real estate investment trust’s stock after selling 59,371 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Medical Properties Trust were worth $1,052,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of Medical Properties Trust by 19.4% during the 4th 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 period. CWM LLC boosted its position in Medical Properties Trust by 23.0% during the fourth quarter. CWM LLC now owns 21,323 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 3,993 shares during the last quarter. Truist Financial Corp grew its stake in Medical Properties Trust by 12.0% in the fourth quarter. Truist Financial Corp now owns 97,955 shares of the real estate investment trust’s stock valued at $481,000 after purchasing an additional 10,476 shares in the last quarter. Van ECK Associates Corp increased its position in Medical Properties Trust by 14.6% in the 4th quarter. Van ECK Associates Corp now owns 209,110 shares of the real estate investment trust’s stock worth $1,027,000 after purchasing an additional 26,719 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Medical Properties Trust by 342.1% in the 4th quarter. Victory Capital Management Inc. now owns 905,383 shares of the real estate investment trust’s stock worth $4,445,000 after purchasing an additional 700,571 shares during the last quarter. 71.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Medical Properties Trust

In other 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 value of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares of the company’s stock, valued at $239,310.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Elizabeth N. Pitman sold 10,025 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the transaction, the director now owns 68,653 shares in the company, valued at approximately $341,891.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the transaction, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Price Performance

Shares of Medical Properties Trust stock opened at $4.57 on Wednesday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $4.61. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -2.06, a PEG ratio of 0.62 and a beta of 1.27. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $7.29.

Medical Properties Trust (NYSE:MPW) last released its 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 for the quarter, compared to analysts’ expectations of $259.53 million. Medical Properties Trust’s revenue was down 21.0% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share. On average, sell-side analysts expect that Medical Properties Trust, Inc. will post 0.9 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -14.41%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MPW. Royal Bank of Canada reiterated a “sector perform” rating and set a $5.00 price target on shares of Medical Properties Trust in a report on Tuesday, May 14th. StockNews.com cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Truist Financial increased their price target on shares of Medical Properties Trust from $4.50 to $5.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Finally, BNP Paribas downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.00 to $4.00 in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.86.

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.