Vanguard Group Inc. Decreases Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Key Points

• Vanguard Group Inc. reduced its stake in Medical Properties Trust by 8.4%, now owning approximately 12.68% of the company, valued at $464 million after selling over 7 million shares.
• Medical Properties Trust's earnings report indicated a missed EPS estimate of $0.14, down from $0.23 the previous year, with revenue declining by 9.8% year-over-year.
• The company announced a quarterly dividend of $0.08 per share, reflecting an annualized yield of 7.9% despite a negative dividend payout ratio.

Vanguard Group Inc. lowered its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,949,277 shares of the real estate investment trust's stock after selling 7,030,077 shares during the quarter. Vanguard Group Inc. owned approximately 12.68% of Medical Properties Trust worth $464,004,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Medical Properties Trust during the fourth quarter valued at approximately $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 worth $141,000 after acquiring an additional 11,976 shares during 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 worth $261,000 after acquiring an additional 11,044 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in 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 purchasing an additional 18,957 shares in the last quarter. Finally, First Trust Advisors LP raised its position in 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 purchasing an additional 24,839 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company's stock.

Analyst Ratings Changes

MPW has been the topic of a number of analyst reports. Wall Street Zen downgraded Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Royal Bank Of Canada lowered their target price on 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $5.67.

Medical Properties Trust Trading Down 2.4%

MPW stock traded down $0.10 during midday trading on Friday, hitting $4.05. 11,023,032 shares of the company's stock were exchanged, compared to its average volume of 9,835,071. The business has a 50-day simple moving average of $4.27 and a two-hundred day simple moving average of $4.91. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $2.43 billion, a PE ratio of -1.69 and a beta of 1.28. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%. Medical Properties Trust's revenue was down 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, sell-side analysts predict that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Thursday, September 11th. Medical Properties Trust's dividend payout ratio (DPR) is currently -13.39%.

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.