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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Medical Properties Trust by 98.1% during the 1st 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. acquired a new stake in shares of Medical Properties Trust during the 4th quarter worth about $41,000. Farther Finance Advisors LLC increased its position in shares of Medical Properties Trust by 49.5% during the 1st 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 acquired a new stake in shares of Medical Properties Trust during the 4th quarter worth about $51,000. Finally, Sound Income Strategies LLC increased its position in shares of Medical Properties Trust by 134.0% during the 1st 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 and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Royal Bank Of Canada cut 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. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Medical Properties Trust presently has an average rating of "Hold" and an average price target of $5.67.

Medical Properties Trust Trading Up 2.2%

NYSE MPW traded up $0.0950 during trading on Wednesday, hitting $4.3350. The stock had a trading volume of 11,606,498 shares, compared to its average volume of 8,664,196. The company has a market capitalization of $2.61 billion, a PE ratio of -1.81 and a beta of 1.28. The company has a quick ratio of 2.76, a current 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 200 day moving average price of $4.89. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55.

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 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $240.36 million during the quarter, compared to analyst estimates of $231.90 million. Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The business's revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. As a group, equities research analysts forecast that Medical Properties Trust, Inc. will post 0.78 earnings per share 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 given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust's payout ratio is currently -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.