Nuveen LLC Makes New $7.31 Million Investment in Medical Properties Trust, Inc. $MPW

Key Points

• Nuveen LLC acquired 1,212,401 shares of Medical Properties Trust, Inc., valued at approximately $7.3 million, bringing its ownership to about 0.20% of the firm.
• Medical Properties Trust's stock has experienced a price target reduction from analysts, with Royal Bank of Canada lowering it to $4.50 and a general consensus rating of "Hold" among analysts.
• The company announced a quarterly dividend of $0.08 per share, yielding 7.4%, which will be paid out on October 9th to investors on record by September 11th.

Nuveen LLC purchased a new stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,212,401 shares of the real estate investment trust's stock, valued at approximately $7,311,000. Nuveen LLC owned 0.20% of Medical Properties Trust at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in Medical Properties Trust in the 1st quarter valued at $617,000. Teacher Retirement System of Texas bought a new stake in Medical Properties Trust in the 1st quarter valued at $478,000. Charles Schwab Investment Management Inc. boosted its holdings in Medical Properties Trust by 13.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust's stock valued at $60,424,000 after purchasing an additional 1,182,028 shares during the period. Victory Capital Management Inc. boosted its holdings in Medical Properties Trust by 303.9% in the 1st quarter. Victory Capital Management Inc. now owns 419,069 shares of the real estate investment trust's stock valued at $2,527,000 after purchasing an additional 315,309 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Medical Properties Trust in the 4th quarter valued at $4,562,000. 71.79% of the stock is owned by institutional investors.

Medical Properties Trust Price Performance

Shares of NYSE MPW traded down $0.03 during midday trading on Thursday, reaching $4.40. 5,056,540 shares of the company traded hands, compared to its average volume of 10,400,764. The firm has a market cap of $2.64 billion, a PE ratio of -1.84 and a beta of 1.28. The stock's 50-day simple moving average is $4.25 and its 200-day simple moving average is $4.88. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.55. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.76 and a current ratio of 2.76.

Medical Properties Trust (NYSE:MPW - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. 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 company had revenue of $240.36 million for the quarter, compared to the consensus estimate of $231.90 million. Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The firm's revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.32 dividend on an annualized basis and a yield of 7.3%. Medical Properties Trust's dividend payout ratio is currently -13.39%.

Wall Street Analysts Forecast Growth

A number of analysts have 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 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 report on Monday, June 30th. Zacks Research raised shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company lowered their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.58.

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.