Medical Properties Trust, Inc. $MPW Position Reduced by Vanguard Group Inc.

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. reduced its position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 8.4% during the first quarter, according to the company in 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 period. Vanguard Group Inc. owned about 12.68% of Medical Properties Trust worth $464,004,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Novem Group grew 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 acquiring an additional 2,058 shares during the last quarter. Beacon Financial Advisory LLC grew 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 acquiring an additional 2,386 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Medical Properties Trust by 7.1% during the first quarter. HB Wealth Management LLC now owns 38,657 shares of the real estate investment trust's stock worth $233,000 after acquiring an additional 2,575 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Medical Properties Trust by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 2,606 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MPW shares. Wall Street Zen downgraded 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 objective 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 equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $5.67.

Medical Properties Trust Price Performance

MPW stock traded up $0.0950 on Wednesday, hitting $4.3350. 11,606,498 shares of the company's stock traded hands, compared to its average volume of 8,664,196. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -1.81 and a beta of 1.28. The stock has a fifty day moving average of $4.25 and a 200-day moving average of $4.89. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 2.00.

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 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The business had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. On average, analysts forecast 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. Investors of record on Thursday, September 11th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.32 annualized dividend and a yield of 7.4%. Medical Properties Trust's dividend payout ratio is currently -13.39%.

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.