LPL Financial LLC Has $3.50 Million Stake in Medical Properties Trust, Inc. (NYSE:MPW)

LPL Financial LLC decreased its position in Medical Properties Trust, Inc. (NYSE:MPW) by 24.0% in the first quarter, HoldingsChannel reports. The firm owned 579,911 shares of the real estate investment trust’s stock after selling 183,558 shares during the period. LPL Financial LLC’s holdings in Medical Properties Trust were worth $3,497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPW. Northern Trust Corp boosted its stake in Medical Properties Trust by 60.8% in the 4th quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust’s stock worth $24,921,000 after purchasing an additional 2,385,081 shares during the period. Allianz Asset Management GmbH boosted its stake in Medical Properties Trust by 43.2% in the 1st quarter. Allianz Asset Management GmbH now owns 7,134,629 shares of the real estate investment trust’s stock worth $43,022,000 after purchasing an additional 2,152,861 shares during the period. Hudson Bay Capital Management LP acquired a new position in Medical Properties Trust in the 4th quarter worth approximately $4,562,000. Raymond James Financial Inc. acquired a new stake in shares of Medical Properties Trust during the 4th quarter valued at $2,114,000. Finally, Centiva Capital LP boosted its stake in shares of Medical Properties Trust by 275.8% during the 4th quarter. Centiva Capital LP now owns 721,636 shares of the real estate investment trust’s stock valued at $2,850,000 after buying an additional 529,609 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Trading Down 2.4%

Medical Properties Trust stock opened at $4.05 on Friday. The company’s fifty day simple moving average is $4.27 and its 200-day simple moving average is $4.90. The company has a quick ratio of 3.23, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.55. The stock has a market cap of $2.43 billion, a P/E ratio of -1.69 and a beta of 1.28.

Medical Properties Trust (NYSE:MPW) last released 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). Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The business had revenue of $240.36 million during the quarter, compared to analyst estimates of $231.90 million. During the same period in the previous year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust’s payout ratio is presently -13.39%.

Analyst Ratings Changes

Several research firms have recently commented on MPW. Royal Bank Of Canada lowered their price target 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. Wall Street Zen cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.