Ameriprise Financial Inc. Sells 157,886 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Ameriprise Financial Inc. lowered its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,771,518 shares of the real estate investment trust’s stock after selling 157,886 shares during the period. Ameriprise Financial Inc. owned 0.30% of Medical Properties Trust worth $7,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP boosted its stake in Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 4,241 shares during the period. Silver Oak Securities Incorporated purchased a new stake in Medical Properties Trust in the fourth quarter worth about $40,000. RFG Advisory LLC bought a new position in Medical Properties Trust in the fourth quarter worth about $40,000. Verus Capital Partners LLC purchased a new stake in shares of Medical Properties Trust during the fourth quarter valued at about $40,000. Finally, RS Crum Inc. purchased a new stake in shares of Medical Properties Trust during the fourth quarter valued at about $40,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Down 1.1%

NYSE MPW opened at $4.57 on Friday. Medical Properties Trust, Inc. has a 52 week low of $3.51 and a 52 week high of $6.55. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The business’s fifty day simple moving average is $5.41 and its 200-day simple moving average is $4.84. The firm has a market cap of $2.75 billion, a PE ratio of -1.08, a P/E/G ratio of 1.01 and a beta of 1.41.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $223.80 million during the quarter, compared to analysts’ expectations of $233.80 million. The company’s revenue was down 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. As a group, equities analysts anticipate that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MPW. Wells Fargo & Company upped their price objective on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Monday, March 10th. Wall Street Zen upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Royal Bank of Canada increased their target price on Medical Properties Trust from $4.00 to $5.00 and gave the company a “sector perform” rating in a research report on Monday, March 10th. Finally, BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and increased their target price for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.75.

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.