Medical Properties Trust, Inc. $MPW Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Medical Properties Trust, Inc. by 14.7%, now holding 499,867 shares worth approximately $3.01 million.
• Medical Properties Trust's recent earnings report showed a loss per share of $0.14, missing analyst expectations, with a year-over-year revenue decline of 9.8%.
• The company announced a quarterly dividend of $0.08 per share, representing a 7.4% yield, with the ex-dividend date set for September 11th.

State of New Jersey Common Pension Fund D reduced its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 14.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 499,867 shares of the real estate investment trust's stock after selling 85,927 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Medical Properties Trust worth $3,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in shares of Medical Properties Trust by 98.1% during the 1st quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 3,060 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Medical Properties Trust during the 4th quarter worth about $41,000. Farther Finance Advisors LLC raised its position in shares of Medical Properties Trust by 49.5% during the 1st 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 during the last quarter. Armis Advisers LLC acquired a new position in shares of Medical Properties Trust during the 4th quarter worth about $51,000. Finally, Sound Income Strategies LLC raised its position in shares of Medical Properties Trust by 134.0% during the 1st 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 during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Stock Performance

Shares of NYSE:MPW traded up $0.0550 during midday trading on Monday, hitting $4.3650. The stock had a trading volume of 3,824,223 shares, compared to its average volume of 10,464,400. The company has a market capitalization of $2.62 billion, a PE ratio of -1.83 and a beta of 1.28. The stock has a 50 day moving average price of $4.25 and a two-hundred day moving average price 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, Inc. has a 1 year low of $3.51 and a 1 year high of $6.55.

Medical Properties Trust (NYSE:MPW - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $240.36 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. As a group, equities analysts predict that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The company 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust's payout ratio is currently -13.39%.

Analyst Upgrades and Downgrades

A number of analysts have commented 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 Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a research report on Monday, June 30th. Finally, Zacks Research raised shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Medical Properties Trust has a consensus rating of "Hold" and an average price target of $5.67.

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.