Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC reduced its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 28.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,601 shares of the real estate investment trust’s stock after selling 6,902 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Medical Properties Trust were worth $70,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Medical Properties Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 10,742,446 shares of the real estate investment trust’s stock worth $42,446,000 after purchasing an additional 58,828 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Medical Properties Trust by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust’s stock worth $34,912,000 after acquiring an additional 118,577 shares during the period. Northern Trust Corp lifted its holdings in shares of Medical Properties Trust by 60.8% during the 4th quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust’s stock worth $24,921,000 after acquiring an additional 2,385,081 shares during the period. Wilsey Asset Management Inc. lifted its holdings in shares of Medical Properties Trust by 8.5% during the 4th quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust’s stock worth $18,379,000 after acquiring an additional 362,582 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Medical Properties Trust by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 2,912,274 shares of the real estate investment trust’s stock worth $11,503,000 after acquiring an additional 86,925 shares during the period. 71.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPW has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. BNP Paribas upgraded shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $5.00 to $9.00 in a report on Wednesday, March 12th. StockNews.com upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Royal Bank of Canada increased their price objective on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.75.

Medical Properties Trust Trading Up 1.3%

NYSE MPW opened at $5.08 on Friday. Medical Properties Trust, Inc. has a one year low of $3.51 and a one year high of $6.55. The company’s 50 day moving average price is $5.50 and its 200 day moving average price is $4.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -1.20, a PEG ratio of 1.01 and a beta of 1.41.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $223.80 million for the quarter, compared to analysts’ expectations of $233.80 million. The business’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 EPS. On average, sell-side analysts predict that Medical Properties Trust, Inc. will post 0.78 EPS for the current year.

Medical Properties Trust 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.