Belpointe Asset Management LLC Sells 3,650 Shares of Medical Properties Trust, Inc. $MPW

Belpointe Asset Management LLC trimmed its position in Medical Properties Trust, Inc. (NYSE:MPW) by 15.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,122 shares of the real estate investment trust’s stock after selling 3,650 shares during the quarter. Belpointe Asset Management LLC’s holdings in Medical Properties Trust were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its stake in Medical Properties Trust by 98.1% in the first quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 3,060 shares during the period. Itau Unibanco Holding S.A. bought a new position in Medical Properties Trust in the 1st quarter worth $41,000. Farther Finance Advisors LLC lifted its position in shares of Medical Properties Trust by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,606 shares during the period. Twin Tree Management LP purchased a new stake in shares of Medical Properties Trust in the 1st quarter worth about $48,000. Finally, Brooklyn Investment Group boosted its stake in shares of Medical Properties Trust by 216.8% during the 1st quarter. Brooklyn Investment Group now owns 8,135 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 5,567 shares in the last quarter. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Trading Up 0.2%

Shares of NYSE:MPW opened at $4.86 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.76 and a quick ratio of 2.76. Medical Properties Trust, Inc. has a 1 year low of $3.51 and a 1 year high of $6.55. The company has a market cap of $2.92 billion, a P/E ratio of -2.03 and a beta of 1.35. The stock’s fifty day moving average price is $4.31 and its 200-day moving average price is $4.84.

Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%.The business had revenue of $240.36 million during the quarter, compared to analysts’ expectations of $231.90 million. During the same period last year, the firm posted $0.23 EPS. Medical Properties Trust’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts expect that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

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 given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust’s payout ratio is presently -13.39%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MPW. Zacks Research raised shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada decreased their target price on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research report 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. Finally, Wells Fargo & Company reduced their price target on Medical Properties Trust from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.40.

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.