Jackson Thornton Wealth Management LLC Trims Stock Holdings in Medical Properties Trust, Inc. $MPW

Jackson Thornton Wealth Management LLC decreased its position in Medical Properties Trust, Inc. (NYSE:MPW) by 21.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,108 shares of the real estate investment trust’s stock after selling 6,402 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Medical Properties Trust were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Drive Wealth Management LLC purchased a new position in Medical Properties Trust in the 2nd quarter worth $45,000. International Assets Investment Management LLC raised its stake in Medical Properties Trust by 7.6% in the 2nd quarter. International Assets Investment Management LLC now owns 131,750 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 9,338 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Medical Properties Trust in the 2nd quarter worth $3,011,000. Welch Group LLC raised its stake in Medical Properties Trust by 32.0% in the 2nd quarter. Welch Group LLC now owns 51,264 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 12,434 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Medical Properties Trust by 20.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 21,306 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 3,671 shares during the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

NYSE:MPW opened at $5.15 on Wednesday. Medical Properties Trust, Inc. has a 52 week low of $3.51 and a 52 week high of $6.34. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $3.09 billion, a PE ratio of -2.15 and a beta of 1.39. The stock’s 50-day moving average price is $4.81 and its 200-day moving average price is $4.71.

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). Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The business had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. During the same quarter last year, the business earned $0.23 earnings per share. Medical Properties Trust’s revenue was down 9.8% on a year-over-year basis. As a group, equities analysts expect that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.2%. Medical Properties Trust’s dividend payout ratio (DPR) is -13.39%.

Analyst Upgrades and Downgrades

MPW has been the subject of a number of research analyst reports. Zacks Research upgraded Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada reduced their price objective on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research note on Monday, June 30th. Wall Street Zen lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Medical Properties Trust in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price objective on Medical Properties Trust from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $5.40.

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.