Connor Clark & Lunn Investment Management Ltd. Sells 30,309 Shares of Medical Properties Trust, Inc. $MPW

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 331,585 shares of the real estate investment trust’s stock after selling 30,309 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Medical Properties Trust were worth $1,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MPW. Allianz Asset Management GmbH raised its holdings in Medical Properties Trust by 43.2% during the first quarter. Allianz Asset Management GmbH now owns 7,134,629 shares of the real estate investment trust’s stock worth $43,022,000 after acquiring an additional 2,152,861 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Medical Properties Trust by 295.0% during the 1st quarter. AQR Capital Management LLC now owns 2,743,970 shares of the real estate investment trust’s stock worth $16,313,000 after purchasing an additional 2,049,268 shares during the last quarter. Nuveen LLC bought a new stake in shares of Medical Properties Trust during the 1st quarter worth approximately $7,311,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Medical Properties Trust by 13.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust’s stock valued at $60,424,000 after buying an additional 1,182,028 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Medical Properties Trust in the second quarter valued at $3,011,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MPW. 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. Wall Street Zen upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company lowered their price target on Medical Properties Trust from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Wednesday, August 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Medical Properties Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.40.

Medical Properties Trust Stock Down 0.5%

Medical Properties Trust stock opened at $4.96 on Monday. The company’s 50-day moving average price is $5.06 and its two-hundred day moving average price is $4.67. 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 cap of $2.98 billion, a P/E ratio of -2.07 and a beta of 1.42. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.34.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $237.52 million during the quarter, compared to the consensus estimate of $244.89 million. Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, analysts expect 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.