Ieq Capital LLC Boosts Stake in Medical Properties Trust, Inc. $MPW

Key Points

• Ieq Capital LLC significantly increased its holdings in Medical Properties Trust, acquiring 108,221 shares and boosting its stake by 379.2% to a total of 136,763 shares valued at $825,000.
• The company reported a negative EPS of $0.14, missing estimates, and its revenue declined by 9.8% year-over-year to $240.36 million.
• Medical Properties Trust declares a quarterly dividend of $0.08, providing a dividend yield of 7.3% and indicating a payout ratio of -13.39%.

Ieq Capital LLC boosted its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 379.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,763 shares of the real estate investment trust's stock after buying an additional 108,221 shares during the period. Ieq Capital LLC's holdings in Medical Properties Trust were worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake 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 worth $60,424,000 after buying an additional 1,182,028 shares during the last quarter. Allianz Asset Management GmbH lifted 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 acquiring an additional 2,152,861 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Medical Properties Trust by 1.5% in the first 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Medical Properties Trust by 4.3% during the fourth 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 worth $14,522,000 after buying an additional 150,760 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Medical Properties Trust by 2.3% during the first quarter. Principal Financial Group Inc. now owns 2,979,094 shares of the real estate investment trust's stock worth $17,964,000 after buying an additional 66,820 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company's stock.

Analysts Set New Price Targets

MPW has been the subject of several recent analyst reports. 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 cut their target price on 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. Wall Street Zen cut Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Finally, Wells Fargo & Company cut their target price on Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $5.58.

Medical Properties Trust Stock Up 3.7%

MPW traded up $0.16 on Friday, hitting $4.61. 9,829,270 shares of the company were exchanged, compared to its average volume of 7,456,099. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -1.93 and a beta of 1.35. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average price of $4.25 and a two-hundred day moving average price of $4.86.

Medical Properties Trust (NYSE:MPW - Get Free Report) last released its earnings results 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 company had revenue of $240.36 million for the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The firm 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust's payout ratio is -13.39%.

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.