DekaBank Deutsche Girozentrale Decreases Position in Medical Properties Trust, Inc. (NYSE:MPW)

DekaBank Deutsche Girozentrale decreased its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 5.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,036 shares of the real estate investment trust’s stock after selling 7,874 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Medical Properties Trust were worth $612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPW. Principal Securities Inc. purchased a new stake in Medical Properties Trust during the 4th quarter worth approximately $50,000. Quadrant Capital Group LLC grew its holdings in shares of Medical Properties Trust by 497.7% during the fourth quarter. Quadrant Capital Group LLC now owns 20,544 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 17,107 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Medical Properties Trust during the fourth quarter valued at $71,000. Norges Bank acquired a new position in shares of Medical Properties Trust in the 4th quarter valued at $25,655,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Medical Properties Trust in the 4th quarter worth $141,000. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Medical Properties Trust Stock Performance

MPW opened at $5.76 on Friday. The firm has a fifty day moving average price of $4.93 and a 200 day moving average price of $4.74. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The stock has a market cap of $3.46 billion, a P/E ratio of -2.59, a P/E/G ratio of 0.68 and a beta of 1.28. 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 issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The business had revenue of $266.60 million for the quarter, compared to analyst estimates of $259.53 million. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. Equities research 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 disclosed 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 5.56%. The ex-dividend date is Monday, September 9th. Medical Properties Trust’s payout ratio is currently -14.41%.

Wall Street Analysts Forecast Growth

MPW has been the topic of a number of research reports. BNP Paribas lowered 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. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Friday, September 13th. Finally, Truist Financial lifted their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.22.

Insider Buying and Selling at Medical Properties Trust

In other Medical Properties Trust news, Director Elizabeth N. Pitman bought 8,087 shares of Medical Properties Trust stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, with a total value of $48,602.87. Following the purchase, the director now directly owns 76,740 shares in the company, valued at approximately $461,207.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction that occurred 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 transaction, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. The disclosure for this purchase can be found here. 1.53% of the stock is owned by corporate insiders.

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.