Medical Properties Trust, Inc. (NYSE:MPW) Stake Lessened by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 24.6% in the second quarter, Holdings Channel.com reports. The firm owned 81,737 shares of the real estate investment trust’s stock after selling 26,651 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Medical Properties Trust were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wolverine Asset Management LLC lifted 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 holdings in shares of Medical Properties Trust by 4.8% in 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 in the last quarter. Arizona State Retirement System raised its holdings in shares of Medical Properties Trust by 1.9% during the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock worth $723,000 after acquiring an additional 3,103 shares in the last quarter. Collective Family Office LLC raised its holdings in shares of Medical Properties Trust by 16.8% during the first quarter. Collective Family Office LLC now owns 21,720 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 3,120 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Medical Properties Trust by 23.6% during the second quarter. Panagora Asset Management Inc. now owns 19,591 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 3,735 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Up 0.8 %

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

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The firm had revenue of $266.60 million during the quarter, compared to the consensus estimate of $259.53 million. The firm’s revenue was down 21.0% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities analysts predict that Medical Properties Trust, Inc. will post 0.87 EPS for the current year.

Medical Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a yield of 5.38%. Medical Properties Trust’s dividend payout ratio is currently -14.41%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

Medical Properties Trust 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.