Algert Global LLC Purchases Shares of 64,000 Medical Properties Trust, Inc. $MPW

Key Points

• Algert Global LLC has acquired a new stake in Medical Properties Trust, purchasing 64,000 shares valued at approximately $386,000.
• Medical Properties Trust announced a quarterly dividend of $0.08 per share, translating to an annualized yield of 7.4%.
• The company's recent earnings report showed $0.14 EPS, missing estimates, and a negative net margin of 155.20% with a 9.8% year-over-year revenue decline.

Algert Global LLC bought a new stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,000 shares of the real estate investment trust's stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MPW. Northern Trust Corp raised its holdings in shares of Medical Properties Trust by 60.8% in the fourth quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust's stock valued at $24,921,000 after purchasing an additional 2,385,081 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Medical Properties Trust by 43.2% in the first 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 purchasing an additional 2,152,861 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Medical Properties Trust in the first quarter valued at about $7,311,000. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Medical Properties Trust in the fourth quarter valued at about $4,562,000. Hedge funds and other institutional investors own 71.79% of the company's stock.

Medical Properties Trust Stock Performance

MPW traded down $0.03 on Thursday, hitting $4.40. The company's stock had a trading volume of 5,056,540 shares, compared to its average volume of 10,400,764. The company's 50 day simple moving average is $4.25 and its 200-day simple moving average is $4.88. The firm has a market cap of $2.64 billion, a P/E ratio of -1.84 and a beta of 1.28. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.55. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 2.00.

Medical Properties Trust (NYSE:MPW - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $240.36 million during the quarter, compared to the consensus estimate 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 firm's quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. Analysts forecast that Medical Properties Trust, Inc. will post 0.78 EPS for the current year.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust's dividend payout ratio (DPR) is presently -13.39%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research upgraded shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Royal Bank Of Canada decreased their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a report on Monday, June 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Wednesday. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company 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.