Bank of New York Mellon Corp Cuts Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Bank of New York Mellon Corp lowered its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 1.05% of Medical Properties Trust worth $38,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Medical Properties Trust by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 10,742,446 shares of the real estate investment trust's stock valued at $42,446,000 after acquiring an additional 58,828 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Medical Properties Trust by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust's stock worth $34,912,000 after purchasing an additional 118,577 shares during the period. Northern Trust Corp grew its stake in shares of Medical Properties Trust by 60.8% during the 4th quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust's stock worth $24,921,000 after purchasing an additional 2,385,081 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Medical Properties Trust by 4.3% during the 4th 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 purchasing an additional 150,760 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Medical Properties Trust by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,979,094 shares of the real estate investment trust's stock worth $17,964,000 after purchasing an additional 66,820 shares during the period. Institutional investors and hedge funds own 71.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MPW shares. 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. Royal Bank Of Canada lowered their price target 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.67.

Medical Properties Trust Price Performance

NYSE MPW traded down $0.09 during trading hours on Tuesday, reaching $4.08. The company's stock had a trading volume of 8,108,982 shares, compared to its average volume of 11,515,478. The stock has a market cap of $2.45 billion, a PE ratio of -1.47 and a beta of 1.29. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The company's 50-day moving average is $4.60 and its two-hundred day moving average is $4.91. The company has a debt-to-equity ratio of 1.99, a quick ratio of 3.23 and a current 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 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $223.80 million during 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%. Medical Properties Trust's revenue was down 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. Analysts forecast that Medical Properties Trust, Inc. will post 0.78 EPS for the current year.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.32 dividend on an annualized basis and a yield of 7.85%. Medical Properties Trust's dividend payout ratio (DPR) is -11.55%.

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.