Cbre Investment Management Listed Real Assets LLC Sells 470,000 Shares of Medical Properties Trust, Inc. $MPW

Key Points

• Cbre Investment Management Listed Real Assets LLC significantly reduced its holdings in Medical Properties Trust by 82.4%, ending with 100,100 shares valued at $604,000.
• Analysts have recently revised their ratings on Medical Properties Trust, with Royal Bank of Canada lowering its price objective from $5.00 to $4.50, and Zacks Research upgraded the stock to a "hold" rating.
• The company announced a quarterly dividend of $0.08, yielding 7.4%, with the ex-dividend date set for September 11th.

Cbre Investment Management Listed Real Assets LLC cut its stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 82.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,100 shares of the real estate investment trust's stock after selling 470,000 shares during the quarter. Cbre Investment Management Listed Real Assets LLC's holdings in Medical Properties Trust were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MPW. Charles Schwab Investment Management Inc. boosted its stake in shares of Medical Properties Trust by 13.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust's stock worth $60,424,000 after buying an additional 1,182,028 shares during the last quarter. Allianz Asset Management GmbH boosted its position in 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 worth $43,022,000 after purchasing an additional 2,152,861 shares during the last quarter. Northern Trust Corp grew its stake in Medical Properties Trust by 1.5% in the 1st quarter. Northern Trust Corp now owns 6,404,674 shares of the real estate investment trust's stock valued at $38,620,000 after purchasing an additional 95,525 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Medical Properties Trust by 4.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,676,474 shares of the real estate investment trust's stock valued at $14,522,000 after purchasing an additional 150,760 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Medical Properties Trust by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,979,094 shares of the real estate investment trust's stock valued at $17,964,000 after purchasing an additional 66,820 shares during the last quarter. Hedge funds and other institutional investors own 71.79% of the company's stock.

Medical Properties Trust Price Performance

NYSE:MPW traded up $0.07 during trading hours on Monday, hitting $4.38. 5,796,163 shares of the company's stock traded hands, compared to its average volume of 8,800,078. Medical Properties Trust, Inc. has a 52 week low of $3.51 and a 52 week high of $6.55. The business's fifty day simple moving average is $4.25 and its two-hundred day simple moving average is $4.89. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. The firm has a market cap of $2.63 billion, a P/E ratio of -1.83 and a beta of 1.28.

Medical Properties Trust (NYSE:MPW - Get Free Report) last released its quarterly earnings results 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 business had revenue of $240.36 million during the quarter, compared to analysts' expectations of $231.90 million. During the same period in the previous year, the business earned $0.23 EPS. The business's revenue was down 9.8% on a year-over-year basis. On average, research analysts anticipate that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MPW. Zacks Research upgraded shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Royal Bank Of Canada reduced their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a research note on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $5.67.

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.