State of New Jersey Common Pension Fund D Has $2.48 Million Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

State of New Jersey Common Pension Fund D lowered its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 51.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 574,463 shares of the real estate investment trust’s stock after selling 604,108 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of Medical Properties Trust worth $2,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in Medical Properties Trust during the fourth quarter valued at $25,655,000. HighPoint Advisor Group LLC acquired a new stake in shares of Medical Properties Trust during the 4th quarter valued at about $62,000. Waterloo Capital L.P. bought a new stake in shares of Medical Properties Trust in the 4th quarter valued at approximately $86,000. State of Alaska Department of Revenue increased its holdings in Medical Properties Trust by 87.3% in the first quarter. State of Alaska Department of Revenue now owns 648,000 shares of the real estate investment trust’s stock worth $3,045,000 after buying an additional 302,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Medical Properties Trust by 8.2% during the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after acquiring an additional 7,084,981 shares in the last quarter. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Medical Properties Trust Price Performance

NYSE:MPW opened at $5.94 on Thursday. The stock has a market cap of $3.56 billion, a P/E ratio of -2.68, a PEG ratio of 0.68 and a beta of 1.28. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $6.55. The company has a fifty day moving average price of $4.88 and a 200 day moving average price of $4.73. 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 released its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.75). The company had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. Medical Properties Trust’s revenue was down 21.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS. Analysts anticipate that Medical Properties Trust, Inc. will post 0.89 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -14.41%.

Insider Buying and Selling at Medical Properties Trust

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

Analyst Ratings Changes

MPW has been the topic of several recent research reports. BNP Paribas lowered shares of 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 research report on Tuesday, July 2nd. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Friday, September 13th. Finally, Truist Financial boosted their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Medical Properties Trust has a consensus rating of “Hold” and a consensus price target of $5.22.

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.