Hsbc Holdings PLC Sells 8,993 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Hsbc Holdings PLC trimmed its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 2.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 404,883 shares of the real estate investment trust’s stock after selling 8,993 shares during the quarter. Hsbc Holdings PLC’s holdings in Medical Properties Trust were worth $1,745,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wolverine Asset Management LLC raised its stake in 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 raised its position in shares of Medical Properties Trust by 4.8% in the 2nd quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 2,715 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Medical Properties Trust by 1.9% during the 2nd 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 during the period. Collective Family Office LLC boosted its position in shares of Medical Properties Trust by 16.8% during the 1st 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. increased its stake in Medical Properties Trust by 23.6% in the second quarter. Panagora Asset Management Inc. now owns 19,591 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 3,735 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on MPW shares. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday. BNP Paribas downgraded Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Friday, September 13th. Finally, Truist Financial increased their target price on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Medical Properties Trust has an average rating of “Hold” and an average price target of $5.22.

Medical Properties Trust Stock Performance

Medical Properties Trust stock opened at $5.89 on Friday. The business has a 50 day moving average of $5.02 and a 200-day moving average of $4.79. 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, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The company has a market capitalization of $3.53 billion, a P/E ratio of -2.65, a P/E/G ratio of 0.84 and a beta of 1.28.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.75). The firm had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. The business’s revenue was down 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, equities research analysts predict that Medical Properties Trust, Inc. will post 0.87 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The business 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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s payout ratio is presently -14.41%.

Insiders Place Their Bets

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

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.