Drive Wealth Management LLC Makes New Investment in Medical Properties Trust, Inc. $MPW

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

A number of other institutional investors have also recently bought and sold shares of the business. Novem Group grew its holdings in Medical Properties Trust by 8.1% during the 1st quarter. Novem Group now owns 27,606 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 2,058 shares during the period. Beacon Financial Advisory LLC grew its holdings in Medical Properties Trust by 13.4% during the 1st quarter. Beacon Financial Advisory LLC now owns 20,196 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 2,386 shares during the period. HB Wealth Management LLC grew its holdings in Medical Properties Trust by 7.1% during the 1st quarter. HB Wealth Management LLC now owns 38,657 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 2,575 shares during the period. Farther Finance Advisors LLC grew its holdings in Medical Properties Trust by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,606 shares during the period. Finally, Focus Partners Wealth grew its holdings in Medical Properties Trust by 11.7% during the 1st quarter. Focus Partners Wealth now owns 32,690 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 3,415 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Medical Properties Trust in a report on Wednesday, October 8th. Zacks Research raised shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Wells Fargo & Company decreased 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 report on Wednesday, August 27th. Royal Bank Of Canada decreased 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 report on Monday, June 30th. Finally, Wall Street Zen lowered shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. One 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 MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.40.

Medical Properties Trust Trading Down 1.4%

MPW opened at $5.15 on Wednesday. The stock has a market capitalization of $3.09 billion, a P/E ratio of -2.15 and a beta of 1.39. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.34. The firm’s fifty day simple moving average is $4.81 and its 200 day simple moving average is $4.71. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 2.00.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings data on Thursday, July 31st. 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 $240.36 million during the quarter, compared to the consensus estimate of $231.90 million. Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The company’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. As a group, research analysts anticipate that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal 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 of this dividend was Thursday, September 11th. Medical Properties Trust’s payout ratio is currently -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.