US Bancorp DE Sells 7,243 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

US Bancorp DE lowered its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,962 shares of the real estate investment trust’s stock after selling 7,243 shares during the period. US Bancorp DE’s holdings in Medical Properties Trust were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in Medical Properties Trust during the 3rd quarter worth $29,000. GAMMA Investing LLC increased its stake in Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,145 shares during the period. Versant Capital Management Inc increased its stake in Medical Properties Trust by 435.0% during the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 6,482 shares during the period. Iron Horse Wealth Management LLC increased its stake in Medical Properties Trust by 166.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 5,000 shares during the period. Finally, Gateway Investment Advisers LLC bought a new position in Medical Properties Trust during the 2nd quarter worth $45,000. Institutional investors own 71.79% of the company’s stock.

Analyst Ratings Changes

MPW has been the topic of a number of recent research reports. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, Truist Financial raised their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.50.

Medical Properties Trust Trading Down 7.7 %

Shares of MPW stock opened at $4.53 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.93 and a current ratio of 2.38. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The company has a market cap of $2.72 billion, a PE ratio of -1.07, a P/E/G ratio of 0.72 and a beta of 1.32. The stock’s fifty day moving average price is $5.17 and its two-hundred day moving average price is $4.93.

Medical Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 7.06%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is -7.58%.

Insider Activity at Medical Properties Trust

In related news, Director Michael G. Stewart sold 32,780 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the sale, the director now owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Elizabeth N. Pitman bought 8,087 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, with a total value of $48,602.87. Following the transaction, the director now directly owns 76,740 shares in the company, valued at approximately $461,207.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the transaction, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,335 shares of company stock valued at $318,825 in the last 90 days. 1.53% of the stock is owned by corporate insiders.

Medical Properties Trust Company 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.