Advisors Asset Management Inc. Has $6.62 Million Holdings in Medical Properties Trust, Inc. $MPW

Key Points

• Advisors Asset Management Inc. reduced its stake in Medical Properties Trust, Inc. by 26.5%, now holding 1,097,421 shares valued at approximately $6.62 million.
• Medical Properties Trust reported a loss in earnings, with EPS of $0.14, missing estimates by $0.01, while revenue fell 9.8% compared to the previous year.
• The company announced a quarterly dividend of $0.08, translating to an annual yield of 7.3%, with the payout set for October 9th.

Advisors Asset Management Inc. decreased its holdings in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 26.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,097,421 shares of the real estate investment trust's stock after selling 395,755 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.18% of Medical Properties Trust worth $6,617,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of Medical Properties Trust by 98.1% in the first quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 3,060 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Medical Properties Trust during the first quarter valued at $41,000. Farther Finance Advisors LLC boosted its position in Medical Properties Trust by 49.5% during 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 acquiring an additional 2,606 shares during the last quarter. Twin Tree Management LP bought a new stake in Medical Properties Trust during the first quarter valued at $48,000. Finally, Brooklyn Investment Group boosted its position in Medical Properties Trust by 216.8% during the first quarter. Brooklyn Investment Group now owns 8,135 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 5,567 shares during the last quarter. Institutional investors own 71.79% of the company's stock.

Medical Properties Trust Stock Up 3.7%

Shares of NYSE MPW traded up $0.16 during trading on Friday, hitting $4.61. 9,829,270 shares of the company traded hands, compared to its average volume of 7,456,099. The business's fifty day moving average is $4.25 and its 200 day moving average is $4.86. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -1.93 and a beta of 1.35. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The company had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. During the same quarter in the prior year, the company posted $0.23 EPS. Medical Properties Trust's revenue for the quarter was down 9.8% on a year-over-year basis. Equities research analysts predict that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Thursday, September 11th. Medical Properties Trust's dividend payout ratio is currently -13.39%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada cut 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 cut shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Wells Fargo & Company cut their price target on shares of 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. Finally, Zacks Research raised shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.58.

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.