Dimensional Fund Advisors LP Sells 454,332 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Dimensional Fund Advisors LP cut its position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,910,101 shares of the real estate investment trust's stock after selling 454,332 shares during the quarter. Dimensional Fund Advisors LP owned 1.32% of Medical Properties Trust worth $31,241,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Medical Properties Trust by 230.4% during the 4th quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 4,241 shares in the last quarter. Verus Capital Partners LLC acquired a new position in Medical Properties Trust in the fourth quarter worth approximately $40,000. RS Crum Inc. bought a new position in Medical Properties Trust during the fourth quarter valued at approximately $40,000. RFG Advisory LLC acquired a new stake in Medical Properties Trust in the fourth quarter valued at approximately $40,000. Finally, Norges Bank bought a new stake in Medical Properties Trust in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 71.79% of the company's stock.

Medical Properties Trust Stock Performance

MPW stock traded up $0.05 during mid-day trading on Friday, reaching $5.24. 7,349,191 shares of the stock traded hands, compared to its average volume of 12,806,969. The firm has a market capitalization of $3.18 billion, a PE ratio of -1.24, a P/E/G ratio of 1.01 and a beta of 1.41. The business has a 50-day moving average of $5.57 and a two-hundred day moving average of $4.82. Medical Properties Trust, Inc. has a 52 week low of $3.51 and a 52 week high of $6.55. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust (NYSE:MPW - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $223.80 million during the quarter, compared to analysts' expectations of $233.80 million. The firm's revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. As a group, equities analysts predict that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 10th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date was Monday, March 10th. Medical Properties Trust's dividend payout ratio (DPR) is currently -11.55%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MPW. StockNews.com upgraded shares of Medical Properties Trust from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. BNP Paribas upgraded Medical Properties Trust from a "neutral" rating to an "outperform" rating and raised their target price for the company from $5.00 to $9.00 in a report on Wednesday, March 12th. Wells Fargo & Company boosted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the stock an "underweight" rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada increased their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the company a "sector perform" rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.75.

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.