Northwestern Mutual Wealth Management Co. Sells 3,507 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Northwestern Mutual Wealth Management Co. decreased its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 35.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,403 shares of the real estate investment trust’s stock after selling 3,507 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Medical Properties Trust were worth $28,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in shares of Medical Properties Trust by 5.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 406,237 shares of the real estate investment trust’s stock valued at $1,751,000 after buying an additional 21,092 shares in the last quarter. Creative Planning lifted its position in shares of Medical Properties Trust by 42.6% in the second quarter. Creative Planning now owns 326,293 shares of the real estate investment trust’s stock valued at $1,406,000 after acquiring an additional 97,546 shares in the last quarter. Algert Global LLC boosted its stake in shares of Medical Properties Trust by 91.5% in the second quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock worth $793,000 after acquiring an additional 87,881 shares during the period. APG Asset Management US Inc. purchased a new stake in shares of Medical Properties Trust during the second quarter worth about $2,045,000. Finally, Caxton Associates LP bought a new stake in Medical Properties Trust during the 2nd quarter valued at approximately $2,066,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Down 4.0 %

Shares of NYSE:MPW opened at $4.75 on Monday. The company has a market cap of $2.85 billion, a price-to-earnings ratio of -2.14, a PEG ratio of 0.76 and a beta of 1.29. Medical Properties Trust, Inc. has a 12 month low of $2.92 and a 12 month high of $6.55. 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 company has a 50-day moving average price of $5.14 and a 200 day moving average price of $4.89.

Medical Properties Trust (NYSE:MPW) last posted 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 company had revenue of $266.60 million for the quarter, compared to the consensus estimate of $259.53 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. Medical Properties Trust’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, equities research analysts predict that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio is currently -14.41%.

Analyst Ratings Changes

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

Insider Activity at Medical Properties Trust

In related news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust 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 completion of the sale, the director now owns 54,637 shares in the company, valued at $239,310.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 stock was 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the sale, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,335 shares of company stock worth $318,825 in the last quarter. 1.53% of the stock is owned by company 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.