LPL Financial LLC Sells 183,558 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Key Points

• LPL Financial LLC reduced its stake in Medical Properties Trust by 24.0%, selling 183,558 shares to hold a total of 579,911 shares valued at approximately $3.5 million.
• Medical Properties Trust reported an EPS of $0.14 for the last quarter, missing expectations, while revenue was down 9.8% year-over-year at $240.36 million.
• The company announced a quarterly dividend of $0.08, equating to a 7.9% yield annually, with an upcoming payment scheduled for October 9th.

LPL Financial LLC decreased its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 579,911 shares of the real estate investment trust's stock after selling 183,558 shares during the period. LPL Financial LLC owned about 0.10% of Medical Properties Trust worth $3,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of MPW. Raymond James Financial Inc. purchased a new position in shares of Medical Properties Trust during the 4th quarter valued at $2,114,000. Sterling Capital Management LLC lifted its stake in shares of Medical Properties Trust by 50.7% during the 4th quarter. Sterling Capital Management LLC now owns 35,579 shares of the real estate investment trust's stock valued at $141,000 after buying an additional 11,976 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Medical Properties Trust by 20.1% during the 4th quarter. Gabelli Funds LLC now owns 66,044 shares of the real estate investment trust's stock valued at $261,000 after buying an additional 11,044 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of 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 buying an additional 18,957 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Medical Properties Trust by 24.1% during the 4th quarter. First Trust Advisors LP now owns 128,002 shares of the real estate investment trust's stock valued at $506,000 after buying an additional 24,839 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company's stock.

Medical Properties Trust Stock Down 2.4%

Shares of MPW stock opened at $4.05 on Friday. The stock has a market cap of $2.43 billion, a P/E ratio of -1.69 and a beta of 1.28. Medical Properties Trust, Inc. has a 52 week low of $3.51 and a 52 week high of $6.55. The company has a quick ratio of 3.23, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. The company's fifty day simple moving average is $4.27 and its two-hundred day simple moving average is $4.90.

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 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $240.36 million during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Analysts predict that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders 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 -13.39%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MPW. Royal Bank Of Canada lowered 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 note on Monday, June 30th. Wall Street Zen cut shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.

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