Strs Ohio Takes $963,000 Position in Medical Properties Trust, Inc. $MPW

Key Points

• Strs Ohio acquired a new stake in Medical Properties Trust, purchasing 159,740 shares valued at approximately $963,000 in the first quarter.
• Medical Properties Trust saw its price objective cut by multiple analysts, with Royal Bank of Canada and Wells Fargo both lowering their targets to $4.50.
• The company announced a quarterly dividend of $0.08, which represents an annualized yield of 6.3%, despite having a negative dividend payout ratio.

Strs Ohio bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 159,740 shares of the real estate investment trust's stock, valued at approximately $963,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Medical Properties Trust by 98.1% in the 1st quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 3,060 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Medical Properties Trust in the fourth quarter valued at approximately $41,000. Itau Unibanco Holding S.A. bought a new position in shares of Medical Properties Trust in the first quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its stake in shares of Medical Properties Trust by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock worth $47,000 after buying an additional 2,606 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in shares of Medical Properties Trust during the 1st quarter worth $48,000. Institutional investors and hedge funds own 71.79% of the company's stock.

Medical Properties Trust Stock Performance

MPW stock traded up $0.01 during trading on Monday, reaching $5.02. 7,057,357 shares of the stock were exchanged, compared to its average volume of 9,804,814. The stock has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $4.81. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $3.01 billion, a P/E ratio of -2.10 and a beta of 1.35. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.34.

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). The firm had revenue of $240.36 million during the quarter, compared to the consensus estimate of $231.90 million. Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%.Medical Properties Trust's revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, sell-side analysts anticipate that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The business also recently announced 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 of this dividend is Thursday, September 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.4%. Medical Properties Trust's dividend payout ratio is presently -13.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MPW shares. Royal Bank Of Canada dropped their target price 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. Wells Fargo & Company dropped their price objective on Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Wednesday, August 27th. Zacks Research raised Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen lowered Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One analyst has 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 MarketBeat, Medical Properties Trust currently has an average rating of "Hold" and a consensus target price of $5.40.

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.