Medical Properties Trust, Inc. $MPW Stake Lessened 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 decreased its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 499,867 shares of the real estate investment trust's stock after selling 85,927 shares during the quarter. 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in Medical Properties Trust during the first quarter worth about $617,000. Public Sector Pension Investment Board grew its position in Medical Properties Trust by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 1,903,990 shares of the real estate investment trust's stock worth $11,481,000 after purchasing an additional 408,133 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Medical Properties Trust in the 1st quarter worth about $478,000. Charles Schwab Investment Management Inc. grew its position 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 worth $60,424,000 after purchasing an additional 1,182,028 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position 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 worth $2,527,000 after purchasing an additional 315,309 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company's stock.

Medical Properties Trust Price Performance

Shares of Medical Properties Trust stock traded down $0.06 on Tuesday, hitting $4.33. The company had a trading volume of 6,867,000 shares, compared to its average volume of 8,794,177. The business has a 50-day simple moving average of $4.24 and a 200-day simple 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 company has a market cap of $2.60 billion, a PE ratio of -1.81 and a beta of 1.28. Medical Properties Trust, Inc. has a 52 week low of $3.51 and a 52 week high of $6.55.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $240.36 million during 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 company's revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.23 earnings per share. Research analysts expect that Medical Properties Trust, Inc. will post 0.78 EPS 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. Stockholders of record on Thursday, September 11th will be issued a $0.08 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.32 annualized dividend and a dividend yield of 7.4%. Medical Properties Trust's dividend payout ratio (DPR) is -13.39%.

Analysts Set New Price Targets

Several research firms have commented on MPW. Royal Bank Of Canada decreased their target price on shares of 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. Wall Street Zen cut shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Zacks Research upgraded shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Medical Properties Trust presently has a consensus rating of "Hold" and an average target price of $5.67.

Medical Properties Trust Company 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.