Nuveen LLC Makes New 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 acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.

A number of other large investors also recently made changes to their positions in MPW. Charles Schwab Investment Management Inc. increased its holdings in Medical Properties Trust by 13.4% in the first 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 last quarter. Allianz Asset Management GmbH grew its holdings in Medical Properties Trust by 43.2% during the first quarter. Allianz Asset Management GmbH now owns 7,134,629 shares of the real estate investment trust's stock valued at $43,022,000 after purchasing an additional 2,152,861 shares during the period. Northern Trust Corp grew its holdings in Medical Properties Trust by 60.8% during the fourth quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust's stock valued at $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 holdings in Medical Properties Trust by 4.3% during the fourth 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 valued at $14,522,000 after purchasing an additional 150,760 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Medical Properties Trust by 2.3% during the first quarter. Principal Financial Group Inc. now owns 2,979,094 shares of the real estate investment trust's stock valued at $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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MPW shares. Wells Fargo & Company decreased their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Wednesday. Zacks Research upgraded shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen cut shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Royal Bank Of Canada reduced their price target 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 analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.58.

Medical Properties Trust Stock Up 2.5%

Shares of Medical Properties Trust stock traded up $0.11 on Friday, hitting $4.51. The company had a trading volume of 6,458,687 shares, compared to its average volume of 8,161,871. The stock has a 50-day moving average of $4.25 and a 200-day moving average of $4.88. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.76 and a quick ratio of 2.76. The firm has a market capitalization of $2.71 billion, a P/E ratio of -1.89 and a beta of 1.28. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55.

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

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.32 annualized dividend and a dividend yield of 7.1%. Medical Properties Trust's dividend payout ratio is presently -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.