Sequoia Financial Advisors LLC Sells 3,888 Shares of Medical Properties Trust, Inc. $MPW

Sequoia Financial Advisors LLC cut its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 24.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,017 shares of the real estate investment trust’s stock after selling 3,888 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Medical Properties Trust were worth $52,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Medical Properties Trust during the first quarter valued at about $41,000. Twin Tree Management LP purchased a new position in Medical Properties Trust in the first quarter valued at about $48,000. Brooklyn Investment Group grew its position 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 acquiring an additional 5,567 shares during the period. GAMMA Investing LLC grew its position in shares of Medical Properties Trust by 3,150.3% during the 1st quarter. GAMMA Investing LLC now owns 10,076 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 9,766 shares during the period. Finally, Enterprise Financial Services Corp purchased a new stake in shares of Medical Properties Trust during the 1st quarter worth approximately $64,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Medical Properties Trust in a research report on Wednesday, October 8th. Royal Bank Of Canada cut their price target on 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. Wells Fargo & Company lowered their price objective 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. Finally, Zacks Research raised shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Medical Properties Trust currently has an average rating of “Reduce” and a consensus price target of $5.40.

Medical Properties Trust Trading Up 1.5%

Shares of Medical Properties Trust stock opened at $5.14 on Friday. The company’s 50-day moving average price is $4.87 and its 200-day moving average price is $4.72. 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, Inc. has a 12-month low of $3.51 and a 12-month high of $6.34. The company has a market cap of $3.09 billion, a price-to-earnings ratio of -2.15 and a beta of 1.39.

Medical Properties Trust (NYSE:MPW) last posted 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 firm had revenue of $240.36 million for the quarter, compared to the consensus estimate of $231.90 million. During the same period last year, the company posted $0.23 EPS. The business’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts expect that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.32 annualized dividend and a dividend yield of 6.2%. 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.