Bank of New York Mellon Corp Sells 1,106,493 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Bank of New York Mellon Corp cut its position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,361,725 shares of the real estate investment trust's stock after selling 1,106,493 shares during the quarter. Bank of New York Mellon Corp owned about 1.05% of Medical Properties Trust worth $38,361,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Novem Group increased its position in shares of Medical Properties Trust by 8.1% during the first quarter. Novem Group now owns 27,606 shares of the real estate investment trust's stock worth $166,000 after buying an additional 2,058 shares during the period. Beacon Financial Advisory LLC increased its position in shares of Medical Properties Trust by 13.4% during the first quarter. Beacon Financial Advisory LLC now owns 20,196 shares of the real estate investment trust's stock worth $122,000 after buying an additional 2,386 shares during the period. Sei Investments Co. grew its holdings in Medical Properties Trust by 6.6% in the fourth quarter. Sei Investments Co. now owns 39,252 shares of the real estate investment trust's stock worth $155,000 after purchasing an additional 2,438 shares during the period. Farther Finance Advisors LLC grew its holdings in 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 period. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in Medical Properties Trust by 5.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 49,953 shares of the real estate investment trust's stock worth $186,000 after purchasing an additional 2,661 shares during the period. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Stock Down 0.8%

Shares of NYSE MPW traded down $0.04 during mid-day trading on Friday, reaching $4.10. 5,438,922 shares of the company's stock traded hands, compared to its average volume of 11,471,936. The stock has a market cap of $2.46 billion, a P/E ratio of -1.48 and a beta of 1.29. The business has a 50-day simple moving average of $4.52 and a 200 day simple moving average of $4.90. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55. The company has a debt-to-equity ratio of 1.99, a current ratio of 3.23 and a quick ratio of 3.23.

Medical Properties Trust (NYSE:MPW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $223.80 million for the quarter, compared to analyst estimates of $233.80 million. Medical Properties Trust had a negative net margin of 174.35% and a negative return on equity of 31.14%. The firm's quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, analysts expect that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend was Wednesday, June 18th. Medical Properties Trust's payout ratio is currently -11.55%.

Wall Street Analyst Weigh In

A number of research firms have commented on MPW. Wall Street Zen cut shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Royal Bank Of Canada reduced their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a report on Monday, June 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.