Charles Schwab Investment Management Inc. Increases Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Medical Properties Trust by 13.4%, now owning approximately 10 million shares valued at $60.4 million.
• Medical Properties Trust's stock has seen a 2.4% decline recently, currently trading around $4.05, with an average rating of "Hold" from analysts.
• The company announced a quarterly dividend of $0.08 per share, yielding 7.9%, to be paid on October 9th, 2023.

Charles Schwab Investment Management Inc. increased its stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 13.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,020,568 shares of the real estate investment trust's stock after acquiring an additional 1,182,028 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.65% of Medical Properties Trust worth $60,424,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position 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 buying an additional 2,152,861 shares in the last quarter. Northern Trust Corp lifted its stake in Medical Properties Trust by 60.8% in the 4th quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust's stock worth $24,921,000 after purchasing an additional 2,385,081 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 buying an additional 150,760 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Medical Properties Trust by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,979,094 shares of the real estate investment trust's stock worth $17,964,000 after purchasing an additional 66,820 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in Medical Properties Trust by 1.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,385,168 shares of the real estate investment trust's stock valued at $5,471,000 after acquiring an additional 18,957 shares during the period. Institutional investors and hedge funds own 71.79% of the company's stock.

Medical Properties Trust Stock Down 2.4%

MPW traded down $0.10 during midday trading on Friday, reaching $4.05. 11,023,032 shares of the company were exchanged, compared to its average volume of 9,835,071. Medical Properties Trust, Inc. has a one year low of $3.51 and a one year high of $6.55. The company's fifty day moving average price is $4.27 and its 200 day moving average price is $4.91. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -1.69 and a beta of 1.28. 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 issued 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). Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%. The company had revenue of $240.36 million during the quarter, compared to analysts' expectations of $231.90 million. During the same quarter last year, the business earned $0.23 earnings per share. The business's quarterly revenue was down 9.8% on a year-over-year basis. As a group, analysts expect that Medical Properties Trust, Inc. will post 0.78 EPS for the current year.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.08 per share. 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 7.9%. Medical Properties Trust's payout ratio is -13.39%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MPW shares. 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. Royal Bank Of Canada decreased their target price 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.