Choreo LLC Sells 10,778 Shares of Medical Properties Trust, Inc. $MPW

Choreo LLC trimmed its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,420 shares of the real estate investment trust’s stock after selling 10,778 shares during the period. Choreo LLC owned about 0.06% of Medical Properties Trust worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Medical Properties Trust by 13.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust’s stock worth $60,424,000 after purchasing an additional 1,182,028 shares during the period. Northern Trust Corp raised its stake in Medical Properties Trust by 1.5% in the first quarter. Northern Trust Corp now owns 6,404,674 shares of the real estate investment trust’s stock worth $38,620,000 after buying an additional 95,525 shares in the last quarter. Wilsey Asset Management Inc. lifted its holdings in Medical Properties Trust by 6.1% during the second quarter. Wilsey Asset Management Inc. now owns 4,927,568 shares of the real estate investment trust’s stock worth $21,238,000 after buying an additional 281,591 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Medical Properties Trust by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,848 shares of the real estate investment trust’s stock valued at $24,644,000 after acquiring an additional 410,374 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Medical Properties Trust by 295.0% during the 1st quarter. AQR Capital Management LLC now owns 2,743,970 shares of the real estate investment trust’s stock valued at $16,313,000 after acquiring an additional 2,049,268 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Down 0.3%

Shares of MPW stock opened at $5.76 on Friday. The stock’s fifty day moving average price is $5.17 and its 200 day moving average price is $4.69. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.34. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -2.41 and a beta of 1.42. 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 (NYSE:MPW) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The business had revenue of $237.52 million during the quarter, compared to analysts’ expectations of $244.89 million. During the same quarter last year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.36 annualized dividend and a yield of 6.3%. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.08. Medical Properties Trust’s payout ratio is presently -30.51%.

Wall Street Analysts Forecast Growth

MPW has been the subject of several recent research reports. Zacks Research raised Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Wall Street Zen lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Medical Properties Trust in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price target on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company an “underweight” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Medical Properties Trust presently has an average rating of “Reduce” and a consensus target price of $5.50.

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.