Medical Properties Trust, Inc. $MPW Shares Sold by Cbre Investment Management Listed Real Assets LLC

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 holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 82.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,100 shares of the real estate investment trust's stock after selling 470,000 shares during the period. Cbre Investment Management Listed Real Assets LLC's holdings in Medical Properties Trust were worth $604,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MPW. Raymond James Financial Inc. bought a new stake in Medical Properties Trust in the fourth quarter worth $2,114,000. First Trust Advisors LP increased its position in Medical Properties Trust by 24.1% during the fourth quarter. First Trust Advisors LP now owns 128,002 shares of the real estate investment trust's stock valued at $506,000 after acquiring an additional 24,839 shares during the last quarter. Hsbc Holdings PLC increased its position in Medical Properties Trust by 10.8% during the fourth quarter. Hsbc Holdings PLC now owns 444,240 shares of the real estate investment trust's stock valued at $1,755,000 after acquiring an additional 43,172 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Medical Properties Trust by 14.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 403,537 shares of the real estate investment trust's stock worth $1,594,000 after buying an additional 52,067 shares in the last quarter. Finally, Syon Capital LLC purchased a new stake in Medical Properties Trust in the fourth quarter worth about $148,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Wednesday. Zacks Research raised Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada dropped their price objective on 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, Wall Street Zen lowered Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Two 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 MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.58.

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock traded down $0.08 on Thursday, reaching $4.35. 2,637,102 shares of the stock were exchanged, compared to its average volume of 10,385,351. 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, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -1.82 and a beta of 1.28. The business has a 50 day moving average price of $4.25 and a two-hundred day moving average price of $4.88.

Medical Properties Trust (NYSE:MPW - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $231.90 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The company's revenue was down 9.8% compared to the same quarter last year. 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 issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.32 dividend on an annualized basis and a yield of 7.4%. Medical Properties Trust's payout ratio is presently -13.39%.

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.