Medical Properties Trust, Inc. (NYSE:MPW) Holdings Trimmed by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,509 shares of the real estate investment trust’s stock after selling 2,822 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Medical Properties Trust were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in Medical Properties Trust by 27.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 39,712 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 8,611 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Medical Properties Trust by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 523,206 shares of the real estate investment trust’s stock valued at $2,459,000 after acquiring an additional 6,788 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Medical Properties Trust by 252.8% during the 1st quarter. SG Americas Securities LLC now owns 144,578 shares of the real estate investment trust’s stock worth $680,000 after acquiring an additional 103,597 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Medical Properties Trust by 104.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 37,935 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 19,407 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Medical Properties Trust by 22.4% during the first quarter. QRG Capital Management Inc. now owns 91,599 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 16,793 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares in the company, valued at $239,310.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the transaction, the director now owns 54,637 shares in the company, valued at approximately $239,310.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the acquisition, the director now directly owns 76,740 shares of the company’s stock, valued at $461,207.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 63,335 shares of company stock valued at $318,825 in the last three months. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Trading Down 3.9 %

Shares of NYSE:MPW opened at $4.36 on Wednesday. The firm has a fifty day moving average of $5.17 and a two-hundred day moving average of $4.92. The company has a quick ratio of 2.93, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55. The firm has a market capitalization of $2.61 billion, a P/E ratio of -1.03, a price-to-earnings-growth ratio of 0.72 and a beta of 1.32.

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 given a dividend of $0.08 per share. The ex-dividend date was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a yield of 7.35%. Medical Properties Trust’s payout ratio is -7.58%.

Analysts Set New Price Targets

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

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.