Thrivent Financial for Lutherans Boosts Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Thrivent Financial for Lutherans raised its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 22.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793,003 shares of the real estate investment trust’s stock after buying an additional 143,309 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Medical Properties Trust were worth $3,418,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC grew its holdings in shares of Medical Properties Trust by 0.6% in the second quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 2,246 shares in the last quarter. Keynote Financial Services LLC lifted its position in Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 2,715 shares during the last quarter. Arizona State Retirement System grew its stake in shares of 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 worth $723,000 after buying an additional 3,103 shares in the last quarter. Collective Family Office LLC increased its holdings in shares of Medical Properties Trust by 16.8% in the 1st quarter. Collective Family Office LLC now owns 21,720 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 3,120 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Medical Properties Trust by 23.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 19,591 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 3,735 shares in the last quarter. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

Medical Properties Trust stock opened at $5.95 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.28. The firm has a 50-day moving average of $5.04 and a two-hundred day moving average of $4.80. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The company had revenue of $266.60 million during the quarter, compared to analysts’ expectations of $259.53 million. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. On average, research analysts forecast that Medical Properties Trust, Inc. will post 0.87 earnings per share for the current 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s payout ratio is -14.41%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MPW shares. Truist Financial lifted their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. BNP Paribas downgraded Medical Properties Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Finally, Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.22.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the 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 approximately $239,310.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director C Reynolds Thompson III sold 20,530 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. The disclosure for this purchase can be found here. 1.53% of the stock is currently owned by corporate 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.