Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 14.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,361,725 shares of the real estate investment trust’s stock after selling 1,106,493 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.05% of Medical Properties Trust worth $38,361,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MPW. Versant Capital Management Inc grew its stake in Medical Properties Trust by 98.1% in the 1st quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 3,060 shares during the last quarter. Norges Bank purchased a new position in Medical Properties Trust in the fourth quarter valued at approximately $41,000. GF Fund Management CO. LTD. purchased a new position in Medical Properties Trust in the fourth quarter valued at approximately $41,000. Farther Finance Advisors LLC raised its holdings in Medical Properties Trust by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,606 shares during the period. Finally, RiverFront Investment Group LLC acquired a new stake in shares of Medical Properties Trust during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Up 0.8%

NYSE:MPW opened at $4.17 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 3.23 and a current ratio of 3.23. The company has a market cap of $2.50 billion, a PE ratio of -1.50 and a beta of 1.29. Medical Properties Trust, Inc. has a 52-week low of $3.51 and a 52-week high of $6.55. The stock has a 50-day simple moving average of $4.60 and a 200 day simple moving average of $4.91.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Medical Properties Trust had a negative return on equity of 31.14% and a negative net margin of 174.35%. The firm had revenue of $223.80 million for the quarter, compared to analyst estimates of $233.80 million. During the same period in the previous year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was down 17.5% on a year-over-year basis. On average, sell-side analysts expect that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.68%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -11.55%.

Wall Street Analysts Forecast Growth

MPW has been the topic of a number of recent research reports. Royal Bank Of Canada cut their target price on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Monday, June 30th. Wall Street Zen cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $5.67.

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.