Medical Properties Trust, Inc. $MPW Shares Sold by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC reduced its stake in Medical Properties Trust by 42.9%, holding 85,441 shares valued at approximately $515,000.
• Analysts have recently lowered their price targets for Medical Properties Trust, with Royal Bank of Canada and Wells Fargo setting targets of $4.50 and a consensus rating of "Hold."
• The company announced a quarterly dividend of $0.08 per share, representing an annualized yield of 7.0%, with the dividend payout ratio currently at -13.39%.

Kestra Investment Management LLC decreased its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 42.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,441 shares of the real estate investment trust's stock after selling 64,320 shares during the period. Kestra Investment Management LLC's holdings in Medical Properties Trust were worth $515,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in Medical Properties Trust by 98.1% during the first quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust's stock worth $37,000 after buying an additional 3,060 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Medical Properties Trust during the fourth quarter worth $41,000. Itau Unibanco Holding S.A. purchased a new position in Medical Properties Trust during the first quarter worth $41,000. Farther Finance Advisors LLC increased its position in Medical Properties Trust by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock worth $47,000 after buying an additional 2,606 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in Medical Properties Trust during the first quarter worth $48,000. 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 research reports. Wells Fargo & Company dropped their price target on Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Wednesday, August 27th. Royal Bank Of Canada lowered their price objective 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. Zacks Research raised Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen downgraded Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.40.

Medical Properties Trust Trading Up 11.7%

Shares of NYSE:MPW traded up $0.54 during midday trading on Friday, reaching $5.15. The company's stock had a trading volume of 21,786,950 shares, compared to its average volume of 7,872,488. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -2.15 and a beta of 1.35. 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 1 year low of $3.51 and a 1 year high of $6.55. The business has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.85.

Medical Properties Trust (NYSE:MPW - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share 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 firm had revenue of $240.36 million during the quarter, compared to analyst estimates of $231.90 million. During the same quarter in the previous year, the business posted $0.23 EPS. Medical Properties Trust's revenue was down 9.8% compared to the same quarter last year. Research analysts forecast 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. 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 yield of 6.2%. Medical Properties Trust's dividend payout ratio (DPR) is presently -13.39%.

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.