Rhumbline Advisers Has $7.70 Million Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Rhumbline Advisers trimmed its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 1.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,277,167 shares of the real estate investment trust’s stock after selling 25,039 shares during the period. Rhumbline Advisers owned approximately 0.21% of Medical Properties Trust worth $7,701,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MPW. Allworth Financial LP grew 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 in the last quarter. Versant Capital Management Inc grew its stake in Medical Properties Trust by 98.1% during the first quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 3,060 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in Medical Properties Trust during the fourth quarter worth about $40,000. RS Crum Inc. acquired a new stake in Medical Properties Trust during the fourth quarter worth about $40,000. Finally, Norges Bank acquired a new stake in Medical Properties Trust during the fourth quarter worth about $41,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Medical Properties Trust Stock Up 2.1%

MPW stock opened at $4.61 on Wednesday. The stock has a market capitalization of $2.77 billion, a P/E ratio of -1.09, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.55. The firm has a 50-day moving average price of $5.03 and a 200-day moving average price of $4.85.

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 for the quarter, compared to analyst estimates of $233.80 million. Medical Properties Trust’s revenue was down 17.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. As a group, equities research analysts anticipate that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.32 dividend on an annualized basis and a yield of 6.95%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -11.55%.

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.