Connor Clark & Lunn Investment Management Ltd. Invests $2.18 Million in Medical Properties Trust, Inc. (NYSE:MPW)

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 361,894 shares of Medical Properties Trust, Inc. (MPW), valued at approximately $2.18 million, increasing its ownership to about 0.06% as of its latest SEC filing.
• Medical Properties Trust recently reported a quarterly earnings loss, with an EPS of $0.14, missing analyst expectations, and a revenue of $240.36 million, reflecting a 9.8% decline year-over-year.
• The company has announced a quarterly dividend of $0.08 per share, which translates to a dividend yield of 7.7%, while its dividend payout ratio currently stands at -13.39%.

Connor Clark & Lunn Investment Management Ltd. bought a new position in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 361,894 shares of the real estate investment trust's stock, valued at approximately $2,182,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Medical Properties Trust at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MPW. Versant Capital Management Inc increased its holdings 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. GF Fund Management CO. LTD. bought a new stake in shares of Medical Properties Trust in the fourth quarter worth about $41,000. Farther Finance Advisors LLC increased its holdings in shares of Medical Properties Trust by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 2,606 shares during the last quarter. Armis Advisers LLC bought a new stake in shares of Medical Properties Trust in the fourth quarter worth about $51,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Medical Properties Trust by 134.0% in the first quarter. Sound Income Strategies LLC now owns 8,760 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 5,016 shares during the last quarter. 71.79% of the stock is owned by institutional investors.

Medical Properties Trust Trading Down 2.4%

Shares of NYSE:MPW traded down $0.10 during trading hours on Friday, hitting $4.05. 11,023,032 shares of the company's stock traded hands, compared to its average volume of 9,767,912. Medical Properties Trust, Inc. has a 1 year low of $3.51 and a 1 year high of $6.55. The business has a fifty day moving average price of $4.27 and a 200-day moving average price of $4.91. The firm has a market capitalization of $2.43 billion, a P/E ratio of -1.69 and a beta of 1.28. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.76 and a quick ratio of 3.23.

Medical Properties Trust (NYSE:MPW - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $231.90 million. During the same quarter last year, the firm earned $0.23 EPS. The firm's quarterly revenue was down 9.8% on a year-over-year basis. Equities analysts expect that Medical Properties Trust, Inc. will post 0.78 earnings per share 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. Investors of record on Thursday, September 11th will be issued a $0.08 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.9%. Medical Properties Trust's payout ratio is presently -13.39%.

Analyst Ratings Changes

Several research firms recently commented on MPW. Wall Street Zen lowered Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Royal Bank Of Canada dropped their price target on Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.67.

About Medical Properties Trust

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.