Kendall Capital Management Sells 8,500 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Kendall Capital Management lessened its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 28.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,875 shares of the real estate investment trust’s stock after selling 8,500 shares during the period. Kendall Capital Management’s holdings in Medical Properties Trust were worth $94,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MPW. Wolverine Asset Management LLC lifted its stake in Medical Properties Trust by 0.6% in the second quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock valued at $1,746,000 after buying an additional 2,246 shares in the last quarter. Keynote Financial Services LLC raised its holdings in shares of 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 acquiring an additional 2,715 shares during the period. Arizona State Retirement System lifted its position in Medical Properties Trust by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after acquiring an additional 3,103 shares in the last quarter. Collective Family Office LLC boosted 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 worth $102,000 after purchasing an additional 3,120 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings 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 purchasing an additional 3,735 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MPW. BNP Paribas lowered Medical Properties Trust from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.00 to $4.00 in a report on Tuesday, July 2nd. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a research note on Friday, September 13th. Finally, Truist Financial raised their price target 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 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.22.

Medical Properties Trust Trading Down 2.9 %

Shares of Medical Properties Trust stock opened at $5.77 on Friday. The stock has a market cap of $3.46 billion, a P/E ratio of -2.60, a P/E/G ratio of 0.68 and a beta of 1.28. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55. The business’s 50 day moving average is $4.90 and its 200-day moving average is $4.73.

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

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s payout ratio is currently -14.41%.

Insiders Place Their Bets

In other Medical Properties Trust news, Director Elizabeth N. Pitman sold 10,025 shares of the company’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 sale, the director now owns 68,653 shares in the company, valued at $341,891.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Elizabeth N. Pitman acquired 8,087 shares of Medical Properties Trust stock in a transaction on Wednesday, September 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $48,602.87. Following the completion of the transaction, the director now directly owns 76,740 shares in the company, valued at approximately $461,207.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the transaction, the director now directly owns 68,653 shares in the company, valued at $341,891.94. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

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.