Principal Financial Group Inc. Has $17.96 Million Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Principal Financial Group Inc. raised its stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,979,094 shares of the real estate investment trust's stock after acquiring an additional 66,820 shares during the quarter. Principal Financial Group Inc. owned approximately 0.49% of Medical Properties Trust worth $17,964,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MPW. Versant Capital Management Inc increased its position in shares of Medical Properties Trust by 98.1% during 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 increased its holdings in Medical Properties Trust by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 2,606 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Medical Properties Trust by 134.0% in the 1st quarter. Sound Income Strategies LLC now owns 8,760 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 5,016 shares during the period. RS Crum Inc. purchased a new stake in Medical Properties Trust during the fourth quarter worth about $40,000. Finally, GAMMA Investing LLC lifted its holdings in Medical Properties Trust by 3,150.3% during the 1st quarter. GAMMA Investing LLC now owns 10,076 shares of the real estate investment trust's stock worth $61,000 after buying an additional 9,766 shares in the last quarter. 71.79% of the stock is owned by hedge funds and other institutional investors.

Medical Properties Trust Trading Up 0.8%

Shares of MPW stock traded up $0.04 during trading hours on Monday, reaching $4.17. 6,705,843 shares of the stock traded hands, compared to its average volume of 11,529,085. The business has a fifty day moving average price of $4.60 and a 200 day moving average price of $4.91. The firm has a market capitalization of $2.50 billion, a PE ratio of -1.50 and a beta of 1.29. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 1.99.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $223.80 million for the quarter, compared to analyst estimates of $233.80 million. Medical Properties Trust had a negative return on equity of 31.14% and a negative net margin of 174.35%. The company's quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. On average, equities research analysts forecast that Medical Properties Trust, Inc. will post 0.78 EPS for the current year.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date is Wednesday, June 18th. Medical Properties Trust's dividend payout ratio (DPR) is -11.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price objective on 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. Wall Street Zen downgraded shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Two 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's stock. Based on data from MarketBeat, Medical Properties Trust presently has a consensus rating of "Hold" and a consensus target price of $5.67.

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.