Apollon Wealth Management LLC Acquires New Stake in Medical Properties Trust, Inc. $MPW

Apollon Wealth Management LLC purchased a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the 2nd quarter, HoldingsChannel reports. The firm purchased 10,990 shares of the real estate investment trust’s stock, valued at approximately $47,000.

Other large investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Medical Properties Trust during the 1st quarter worth about $41,000. Farther Finance Advisors LLC increased its holdings in Medical Properties Trust by 49.5% during 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 Medical Properties Trust during the 1st quarter worth about $48,000. Brooklyn Investment Group increased its holdings in 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 worth $49,000 after purchasing an additional 5,567 shares during the period. Finally, Busey Bank purchased a new stake in Medical Properties Trust during the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MPW shares. Wall Street Zen downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Wells Fargo & Company cut their price target on Medical Properties Trust from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Medical Properties Trust in a research report on Wednesday, October 8th. Zacks Research raised Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Royal Bank Of Canada lowered their price objective 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. One equities research 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. According to data from MarketBeat, Medical Properties Trust currently has an average rating of “Reduce” and an average price target of $5.40.

Medical Properties Trust Trading Down 2.1%

NYSE:MPW opened at $5.15 on Monday. The stock has a 50-day simple moving average of $4.76 and a 200-day simple moving average of $4.71. The stock has a market cap of $3.10 billion, a P/E ratio of -2.15 and a beta of 1.39. Medical Properties Trust, Inc. has a 1 year low of $3.51 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.76 and a current ratio of 2.76.

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

Medical Properties Trust Announces Dividend

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

Medical Properties Trust Company 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.