Medical Properties Trust, Inc. $MPW Shares Sold by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC trimmed its position in Medical Properties Trust, Inc. (NYSE:MPW) by 21.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 23,108 shares of the real estate investment trust’s stock after selling 6,402 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Medical Properties Trust were worth $98,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MPW. Allianz Asset Management GmbH raised its position in shares of Medical Properties Trust by 43.2% during the 1st 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 buying an additional 2,152,861 shares during the period. AQR Capital Management LLC raised its position in Medical Properties Trust by 295.0% in the first 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 purchasing an additional 2,049,268 shares during the period. Nuveen LLC purchased a new stake in Medical Properties Trust in the first quarter valued at approximately $7,311,000. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 1,182,028 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Medical Properties Trust in the second quarter valued at approximately $3,011,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Trading Down 1.4%

Shares of MPW opened at $5.15 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. The firm has a 50 day simple moving average of $4.81 and a 200-day simple moving average of $4.71. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.34. The stock 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 issued its quarterly earnings data 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). The business had revenue of $240.36 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. Equities analysts forecast that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.32 annualized dividend and a dividend yield of 6.2%. Medical Properties Trust’s payout ratio is presently -13.39%.

Analysts Set New Price Targets

MPW has been the topic of a number of research analyst reports. Wall Street Zen lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Medical Properties Trust in a research report on Wednesday, October 8th. Wells Fargo & Company cut their target price on Medical Properties Trust from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Wednesday, August 27th. 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 report on Monday, June 30th. Finally, Zacks Research upgraded shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price 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.