Medical Properties Trust, Inc. $MPW Stake Raised by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Medical Properties Trust by 1.5% in Q1, now holding 6,404,674 shares valued at approximately $38.62 million.
• Medical Properties Trust's latest earnings report revealed a loss of $0.14 per share, slightly below analyst expectations, with revenue of $240.36 million, a 9.8% decrease year-over-year.
• The company declared a quarterly dividend of $0.08, resulting in a 7.3% dividend yield, with the payment scheduled for October 9th for shareholders of record as of September 11th.

Northern Trust Corp increased its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,404,674 shares of the real estate investment trust's stock after buying an additional 95,525 shares during the quarter. Northern Trust Corp owned about 1.06% of Medical Properties Trust worth $38,620,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in shares of Medical Properties Trust by 98.1% in the first 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 in the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 in the last quarter. Brooklyn Investment Group grew its stake in shares of Medical Properties Trust by 216.8% in the first quarter. Brooklyn Investment Group now owns 8,135 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 5,567 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of Medical Properties Trust by 134.0% in the first 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 in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Medical Properties Trust by 3,150.3% in the first quarter. GAMMA Investing LLC now owns 10,076 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 9,766 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MPW. Wells Fargo & Company cut their price objective on Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Wednesday, August 27th. 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 report on Monday, June 30th. Zacks Research upgraded Medical Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen lowered Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Medical Properties Trust presently has a consensus rating of "Hold" and a consensus price target of $5.58.

Medical Properties Trust Trading Down 2.6%

Shares of NYSE MPW traded down $0.12 during mid-day trading on Tuesday, hitting $4.39. 6,049,737 shares of the company traded hands, compared to its average volume of 10,347,706. 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 capitalization of $2.64 billion, a price-to-earnings ratio of -1.84 and a beta of 1.35. 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 business has a 50 day moving average of $4.25 and a two-hundred day moving average of $4.87.

Medical Properties Trust (NYSE:MPW - Get Free Report) last announced 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 company had revenue of $240.36 million for the quarter, compared to analysts' expectations of $231.90 million. During the same period in the prior year, the company earned $0.23 earnings per share. The company's revenue for the quarter was down 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, September 11th. 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.