Texas Permanent School Fund Corp Sells 74,868 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Texas Permanent School Fund Corp cut its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 14.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 448,338 shares of the real estate investment trust’s stock after selling 74,868 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of Medical Properties Trust worth $1,932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wolverine Asset Management LLC grew its stake in shares of Medical Properties Trust by 0.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock worth $1,746,000 after acquiring an additional 2,246 shares in the last quarter. Keynote Financial Services LLC boosted its holdings in Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 2,715 shares during the last quarter. Arizona State Retirement System grew its position in Medical Properties Trust by 1.9% in the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after purchasing an additional 3,103 shares in the last quarter. Collective Family Office LLC increased its stake in Medical Properties Trust by 16.8% in the 1st quarter. Collective Family Office LLC now owns 21,720 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 3,120 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Medical Properties Trust by 23.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 19,591 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 3,735 shares in the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

NYSE:MPW opened at $6.25 on Wednesday. The company has a market cap of $3.75 billion, a P/E ratio of -2.82, a P/E/G ratio of 0.68 and a beta of 1.28. The firm’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $4.72. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $6.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The company had revenue of $266.60 million for the quarter, compared to analyst estimates of $259.53 million. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue was down 21.0% compared to the same quarter last year. Equities analysts expect that Medical Properties Trust, Inc. will post 0.89 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 9th will be paid a $0.08 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.32 annualized dividend and a yield of 5.12%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -14.41%.

Insider Buying and Selling at Medical Properties Trust

In other news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Elizabeth N. Pitman sold 10,025 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total value of $49,924.50. Following the completion of the sale, the director now directly owns 68,653 shares in the company, valued at $341,891.94. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the transaction, the director now owns 54,637 shares in the company, valued at approximately $239,310.06. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Friday, September 13th. Truist Financial boosted their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Finally, BNP Paribas downgraded Medical Properties Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $6.00 to $4.00 in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $5.22.

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.