LSV Asset Management Sells 1,778,583 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

LSV Asset Management decreased its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 72.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 670,931 shares of the real estate investment trust’s stock after selling 1,778,583 shares during the period. LSV Asset Management owned about 0.11% of Medical Properties Trust worth $2,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ballentine Partners LLC lifted its stake in Medical Properties Trust by 40.0% in the 2nd quarter. Ballentine Partners LLC now owns 45,230 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 12,914 shares during the last quarter. Arizona State Retirement System lifted its stake in Medical Properties Trust by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after purchasing an additional 3,103 shares during the last quarter. Wolverine Asset Management LLC increased its position in Medical Properties Trust by 0.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock valued at $1,746,000 after acquiring an additional 2,246 shares during the period. Versor Investments LP acquired a new position in Medical Properties Trust in the 2nd quarter valued at approximately $71,000. Finally, Natixis Advisors LLC increased its position in Medical Properties Trust by 38.3% in the 2nd quarter. Natixis Advisors LLC now owns 75,797 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 20,999 shares during the period. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Up 16.5 %

Shares of NYSE MPW opened at $5.62 on Friday. The firm has a market cap of $3.37 billion, a PE ratio of -2.53, a P/E/G ratio of 0.68 and a beta of 1.28. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.64. The company’s fifty day simple moving average is $4.69 and its 200 day simple moving average is $4.66. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data 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. During the same quarter last year, the business earned $0.48 earnings per share. The company’s quarterly revenue was down 21.0% on a year-over-year basis. As a group, sell-side analysts forecast that Medical Properties Trust, Inc. will post 0.9 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is -14.41%.

Insider Buying and Selling at Medical Properties Trust

In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the transaction, the director now directly owns 54,637 shares of the company’s stock, valued at $239,310.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Elizabeth N. Pitman sold 10,025 shares of the firm’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 directly owns 68,653 shares of the company’s stock, valued at $341,891.94. The transaction 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 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 in the company, valued at $239,310.06. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MPW shares. Truist Financial upped their price target on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. StockNews.com cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Finally, BNP Paribas cut shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $6.00 to $4.00 in a research 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. According to data from MarketBeat.com, Medical Properties Trust has an average rating of “Hold” and an average price target 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.