Drive Wealth Management LLC Buys New Shares in Medical Properties Trust, Inc. $MPW

Drive Wealth Management LLC bought a new stake in Medical Properties Trust, Inc. (NYSE:MPW) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,284 shares of the real estate investment trust’s stock, valued at approximately $45,000.

Other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Medical Properties Trust in the first quarter valued at about $41,000. Farther Finance Advisors LLC raised its position in Medical Properties Trust by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,606 shares in the last quarter. Twin Tree Management LP bought a new position in Medical Properties Trust during the first quarter worth about $48,000. Brooklyn Investment Group lifted its stake in Medical Properties Trust by 216.8% during the first quarter. Brooklyn Investment Group now owns 8,135 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 5,567 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Medical Properties Trust by 3,150.3% during the first quarter. GAMMA Investing LLC now owns 10,076 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 9,766 shares during the period. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

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

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

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 6.2%. The ex-dividend date was Thursday, September 11th. Medical Properties Trust’s payout ratio is -13.39%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPW. Weiss Ratings restated a “sell (d-)” rating on shares of Medical Properties Trust in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Zacks Research upgraded shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Wells Fargo & Company cut their price target on shares of 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. Finally, Royal Bank Of Canada cut their price target on shares of 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. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $5.40.

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.