State of New Jersey Common Pension Fund D Reduces Position in Medical Properties Trust, Inc. $MPW

State of New Jersey Common Pension Fund D decreased its position in Medical Properties Trust, Inc. (NYSE:MPW) by 14.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,867 shares of the real estate investment trust’s stock after selling 85,927 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Medical Properties Trust worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Medical Properties Trust in the fourth quarter valued at about $2,114,000. CANADA LIFE ASSURANCE Co increased its holdings in Medical Properties Trust by 1.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,385,168 shares of the real estate investment trust’s stock worth $5,471,000 after buying an additional 18,957 shares during the period. First Trust Advisors LP increased its holdings in Medical Properties Trust by 24.1% in the 4th quarter. First Trust Advisors LP now owns 128,002 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 24,839 shares during the period. Hsbc Holdings PLC lifted its stake in Medical Properties Trust by 10.8% during the 4th quarter. Hsbc Holdings PLC now owns 444,240 shares of the real estate investment trust’s stock valued at $1,755,000 after acquiring an additional 43,172 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Medical Properties Trust in the 4th quarter valued at $1,130,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MPW shares. Wall Street Zen cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Royal Bank Of Canada cut their price target on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, June 30th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.67.

Medical Properties Trust Stock Up 2.2%

MPW opened at $4.3350 on Thursday. The company has a fifty day moving average of $4.25 and a two-hundred day moving average of $4.89. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -1.81 and a beta of 1.28. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.76 and a current ratio of 2.76.

Medical Properties Trust (NYSE:MPW) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. Medical Properties Trust’s revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.23 earnings per share. On average, research analysts expect that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Medical Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust’s dividend payout ratio is presently -13.39%.

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.