AQR Capital Management LLC Decreases Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

AQR Capital Management LLC decreased its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 62.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,046,761 shares of the real estate investment trust’s stock after selling 1,718,040 shares during the period. AQR Capital Management LLC owned approximately 0.17% of Medical Properties Trust worth $4,512,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MPW. Versant Capital Management Inc grew its holdings in Medical Properties Trust by 435.0% during the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 6,482 shares in the last quarter. Iron Horse Wealth Management LLC increased its position in Medical Properties Trust by 166.7% in the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 5,000 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Medical Properties Trust during the first quarter valued at $38,000. Fidelis Capital Partners LLC bought a new position in Medical Properties Trust during the first quarter valued at $43,000. Finally, Gateway Investment Advisers LLC purchased a new position in shares of Medical Properties Trust in the 2nd quarter worth $45,000. 71.79% of the stock is owned by institutional investors.

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock opened at $5.72 on Friday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The stock’s fifty day moving average is $5.11 and its two-hundred day moving average is $4.85. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. The company has a market capitalization of $3.43 billion, a PE ratio of -2.58, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29.

Medical Properties Trust (NYSE:MPW) last posted 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 firm had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The company’s revenue was down 21.0% on a year-over-year basis. As a group, analysts expect that Medical Properties Trust, Inc. will post 0.87 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio is presently -14.41%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MPW. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Truist Financial upped their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 13th. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price for the company in a report on Friday, September 13th. Finally, BNP Paribas lowered Medical Properties Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $4.00 in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Medical Properties Trust presently has an average rating of “Hold” and an average price target of $5.22.

Insider Buying and Selling

In other Medical Properties Trust 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 directly owns 54,637 shares of the company’s stock, valued at $239,310.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the transaction, the director now directly owns 68,653 shares in the company, valued at approximately $341,891.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the transaction, the director now directly owns 54,637 shares in the company, valued at approximately $239,310.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is owned by 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.