Invesco Ltd. Sells 96,357 Shares of Medical Properties Trust, Inc. $MPW

Invesco Ltd. lowered its position in Medical Properties Trust, Inc. (NYSE:MPW) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,085,362 shares of the real estate investment trust’s stock after selling 96,357 shares during the period. Invesco Ltd. owned about 0.34% of Medical Properties Trust worth $12,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in Medical Properties Trust by 13.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust’s stock valued at $60,424,000 after acquiring an additional 1,182,028 shares during the period. Allianz Asset Management GmbH grew its stake in Medical Properties Trust by 43.2% in the first quarter. Allianz Asset Management GmbH now owns 7,134,629 shares of the real estate investment trust’s stock valued at $43,022,000 after acquiring an additional 2,152,861 shares during the period. Northern Trust Corp grew its stake in Medical Properties Trust by 60.8% in the fourth quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust’s stock valued at $24,921,000 after acquiring an additional 2,385,081 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Medical Properties Trust by 4.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,676,474 shares of the real estate investment trust’s stock valued at $14,522,000 after acquiring an additional 150,760 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Medical Properties Trust by 2.3% in the first quarter. Principal Financial Group Inc. now owns 2,979,094 shares of the real estate investment trust’s stock valued at $17,964,000 after acquiring an additional 66,820 shares during the period. 71.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on MPW shares. Wall Street Zen cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Zacks Research raised shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank Of Canada reduced their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.67.

Medical Properties Trust Stock Performance

Shares of MPW opened at $4.3050 on Friday. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.55. The firm has a fifty day simple moving average of $4.25 and a 200 day simple moving average of $4.89. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -1.80 and a beta of 1.28. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 2.00.

Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%.The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. Research analysts forecast that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust’s dividend payout ratio is presently -13.39%.

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.