New Age Alpha Advisors LLC Takes Position in Medical Properties Trust, Inc. (NYSE:MPW)

Key Points

• New Age Alpha Advisors LLC has acquired 102,319 shares of Medical Properties Trust, Inc. valued at approximately $617,000 during the first quarter.
• Medical Properties Trust reported earnings of $0.14 per share for the last quarter, missing analyst expectations, with revenue declining by 9.8% year-over-year.
• The company declared a quarterly dividend of $0.08, translating to an annualized dividend yield of 7.8%.

New Age Alpha Advisors LLC purchased a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 102,319 shares of the real estate investment trust's stock, valued at approximately $617,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Novem Group grew its position in shares of Medical Properties Trust by 8.1% in the first quarter. Novem Group now owns 27,606 shares of the real estate investment trust's stock valued at $166,000 after purchasing an additional 2,058 shares during the last quarter. Beacon Financial Advisory LLC grew its position in shares of Medical Properties Trust by 13.4% in the first quarter. Beacon Financial Advisory LLC now owns 20,196 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 2,386 shares during the last quarter. Sei Investments Co. grew its position in shares of Medical Properties Trust by 6.6% in the fourth quarter. Sei Investments Co. now owns 39,252 shares of the real estate investment trust's stock valued at $155,000 after purchasing an additional 2,438 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Medical Properties Trust by 7.1% in the first quarter. HB Wealth Management LLC now owns 38,657 shares of the real estate investment trust's stock valued at $233,000 after purchasing an additional 2,575 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Medical Properties Trust by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 2,606 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Trading Up 3.1%

Shares of MPW traded up $0.13 on Wednesday, hitting $4.11. 3,786,767 shares of the stock traded hands, compared to its average volume of 10,547,240. The company has a quick ratio of 3.23, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $2.47 billion, a P/E ratio of -1.72 and a beta of 1.28. The stock's 50 day moving average is $4.29 and its two-hundred day moving average is $4.91. Medical Properties Trust, Inc. has a 1 year low of $3.51 and a 1 year high of $6.55.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its quarterly 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). The company 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 business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. As a group, sell-side analysts predict that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.32 dividend on an annualized basis and a yield of 7.8%. Medical Properties Trust's dividend payout ratio (DPR) is currently -13.39%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of 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. Wall Street Zen downgraded shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Medical Properties Trust has a consensus rating of "Hold" and a consensus target price of $5.67.

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.