Medical Properties Trust, Inc. $MPW Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,228 shares of the real estate investment trust’s stock after selling 109,345 shares during the quarter. State of Alaska Department of Revenue owned 0.08% of Medical Properties Trust worth $2,494,000 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 business. Wilsey Asset Management Inc. raised its position in shares of Medical Properties Trust by 6.4% in the 3rd quarter. Wilsey Asset Management Inc. now owns 5,240,579 shares of the real estate investment trust’s stock valued at $26,570,000 after purchasing an additional 313,011 shares during the last quarter. Caxton Associates LLP grew its position in Medical Properties Trust by 115.4% during the 2nd quarter. Caxton Associates LLP now owns 617,826 shares of the real estate investment trust’s stock worth $2,663,000 after purchasing an additional 330,946 shares during the last quarter. CWM LLC increased its stake in Medical Properties Trust by 1,184.1% during the 3rd quarter. CWM LLC now owns 340,305 shares of the real estate investment trust’s stock valued at $1,725,000 after purchasing an additional 313,803 shares in the last quarter. Elo Mutual Pension Insurance Co purchased a new position in shares of Medical Properties Trust in the second quarter worth $691,000. Finally, Quantbot Technologies LP lifted its stake in shares of Medical Properties Trust by 39.5% during the second quarter. Quantbot Technologies LP now owns 655,883 shares of the real estate investment trust’s stock worth $2,827,000 after buying an additional 185,877 shares during the period. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MPW has been the topic of several research reports. Wells Fargo & Company upped their target price on Medical Properties Trust from $4.50 to $5.00 and gave the company an “underweight” rating in a research report on Tuesday, November 25th. Wall Street Zen cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Medical Properties Trust in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $6.17.

Medical Properties Trust Stock Down 0.7%

Shares of MPW opened at $5.33 on Wednesday. The stock’s 50-day moving average price is $5.23 and its 200-day moving average price is $4.84. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -4.51 and a beta of 1.43. Medical Properties Trust, Inc. has a 52 week low of $3.92 and a 52 week high of $6.34.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The firm had revenue of $237.52 million for the quarter, compared to analysts’ expectations of $244.89 million. Medical Properties Trust had a negative return on equity of 14.82% and a negative net margin of 75.76%.The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. On average, sell-side analysts predict that Medical Properties Trust, Inc. will post 0.78 EPS for the current year.

Medical Properties Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 6.8%. Medical Properties Trust’s dividend payout ratio is -30.51%.

Medical Properties Trust Profile

Medical Properties Trust, Inc is a real estate investment trust (REIT) focused on acquiring, financing, and owning net-leased hospital facilities. Through sale-leaseback transactions, direct acquisitions and recapitalizations, the company provides capital to healthcare operators while maintaining long-term, triple-net lease agreements. Its portfolio encompasses general acute care hospitals, rehabilitation facilities and other healthcare-related real estate assets and is structured to deliver stable, long-duration rental income streams.

Founded in 2003 and based in Birmingham, Alabama, Medical Properties Trust completed its initial public offering in 2004.