LSV Asset Administration decreased its stake in Medical Properties Belief, Inc. (NYSE:MPW – Free Report) by 72.6% within the 2nd quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Change Fee (SEC). The fund owned 670,931 shares of the actual property funding belief’s inventory after promoting 1,778,583 shares throughout the interval. LSV Asset Administration owned about 0.11% of Medical Properties Belief price $2,892,000 on the finish of the newest quarter.
A number of different institutional buyers and hedge funds have additionally added to or lowered their stakes within the inventory. Ballentine Companions LLC lifted its stake in Medical Properties Belief by 40.0% within the 2nd quarter. Ballentine Companions LLC now owns 45,230 shares of the actual property funding belief’s inventory valued at $195,000 after buying an extra 12,914 shares over the past quarter. Arizona State Retirement System lifted its stake in Medical Properties Belief by 1.9% within the 2nd quarter. Arizona State Retirement System now owns 167,722 shares of the actual property funding belief’s inventory valued at $723,000 after buying an extra 3,103 shares over the past quarter. Wolverine Asset Administration LLC elevated its place in Medical Properties Belief by 0.6% within the 2nd quarter. Wolverine Asset Administration LLC now owns 405,145 shares of the actual property funding belief’s inventory valued at $1,746,000 after buying an extra 2,246 shares throughout the interval. Versor Investments LP acquired a brand new place in Medical Properties Belief within the 2nd quarter valued at roughly $71,000. Lastly, Natixis Advisors LLC elevated its place in Medical Properties Belief by 38.3% within the 2nd quarter. Natixis Advisors LLC now owns 75,797 shares of the actual property funding belief’s inventory valued at $327,000 after buying an extra 20,999 shares throughout the interval. Institutional buyers personal 71.79% of the corporate’s inventory.
Medical Properties Belief Inventory Up 16.5 %
Shares of NYSE MPW opened at $5.62 on Friday. The agency has a market cap of $3.37 billion, a PE ratio of -2.53, a P/E/G ratio of 0.68 and a beta of 1.28. Medical Properties Belief, Inc. has a 12-month low of $2.92 and a 12-month excessive of $6.64. The corporate’s fifty day easy shifting common is $4.69 and its 200 day easy shifting common is $4.66. The corporate has a fast ratio of two.93, a present ratio of two.93 and a debt-to-equity ratio of 1.51.
Medical Properties Belief (NYSE:MPW – Get Free Report) final launched its quarterly earnings information on Thursday, August eighth. The actual property funding belief reported ($0.54) earnings per share for the quarter, lacking analysts’ consensus estimates of $0.21 by ($0.75). The enterprise had income of $266.60 million for the quarter, in comparison with analysts’ expectations of $259.53 million. Throughout the identical quarter final yr, the enterprise earned $0.48 earnings per share. The corporate’s quarterly income was down 21.0% on a year-over-year foundation. As a gaggle, sell-side analysts forecast that Medical Properties Belief, Inc. will put up 0.9 earnings per share for the present fiscal yr.
Medical Properties Belief Cuts Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which might be paid on Thursday, October tenth. Shareholders of file on Monday, September ninth might be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized foundation and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, September ninth. Medical Properties Belief’s dividend payout ratio (DPR) is -14.41%.
Insider Shopping for and Promoting at Medical Properties Belief
In different Medical Properties Belief information, Director C Reynolds Thompson III bought 20,530 shares of the agency’s inventory in a transaction on Tuesday, August twenty seventh. The shares had been bought at a median worth of $4.38, for a complete worth of $89,921.40. Following the transaction, the director now straight owns 54,637 shares of the corporate’s inventory, valued at $239,310.06. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which could be accessed by this hyperlink. In associated information, Director Elizabeth N. Pitman bought 10,025 shares of the agency’s inventory in a transaction dated Thursday, August fifteenth. The shares had been bought at a median worth of $4.98, for a complete transaction of $49,924.50. Following the transaction, the director now straight owns 68,653 shares of the corporate’s inventory, valued at $341,891.94. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which could be accessed by the SEC web site. Additionally, Director C Reynolds Thompson III bought 20,530 shares of the agency’s inventory in a transaction dated Tuesday, August twenty seventh. The shares had been bought at a median worth of $4.38, for a complete transaction of $89,921.40. Following the transaction, the director now straight owns 54,637 shares within the firm, valued at $239,310.06. The disclosure for this sale could be discovered right here. Insiders personal 1.53% of the corporate’s inventory.
Analysts Set New Value Targets
A number of equities analysts have issued studies on MPW shares. Truist Monetary upped their worth goal on shares of Medical Properties Belief from $4.50 to $5.00 and gave the corporate a “maintain” ranking in a analysis report on Thursday, Might thirtieth. StockNews.com minimize shares of Medical Properties Belief from a “maintain” ranking to a “promote” ranking in a analysis report on Saturday, Might 18th. Lastly, BNP Paribas minimize shares of Medical Properties Belief from an “outperform” ranking to a “impartial” ranking and decreased their worth goal for the inventory from $6.00 to $4.00 in a analysis report on Tuesday, July 2nd. Three analysis analysts have rated the inventory with a promote ranking and eight have issued a maintain ranking to the corporate. In accordance with information from MarketBeat.com, Medical Properties Belief has a median ranking of “Maintain” and a median worth goal of $4.86.
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Medical Properties Belief Firm Profile
Medical Properties Belief, Inc is a self-advised actual property funding belief shaped in 2003 to amass and develop net-leased hospital services. From its inception in Birmingham, Alabama, the Firm has grown to turn into one of many world’s largest homeowners of hospital actual property with 441 services and roughly 44,000 licensed beds as of September 30, 2023.
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