48,349 Shares in Medical Properties Trust, Inc. (NYSE:MPW) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 48,349 shares of the real estate investment trust’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Medical Properties Trust by 22.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock valued at $29,775,000 after acquiring an additional 1,274,481 shares during the period. Wilsey Asset Management Inc. increased its holdings in shares of Medical Properties Trust by 27.2% in the second quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock valued at $18,861,000 after purchasing an additional 936,631 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Medical Properties Trust by 378.4% in the third quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after purchasing an additional 700,783 shares during the period. APG Asset Management US Inc. bought a new stake in shares of Medical Properties Trust during the 2nd quarter worth about $2,045,000. Finally, Caxton Associates LP bought a new stake in shares of Medical Properties Trust during the 2nd quarter worth about $2,066,000. Institutional investors own 71.79% of the company’s stock.

Insider Activity

In other news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the transaction, the director now directly owns 221,245 shares in the company, valued at approximately $1,207,997.70. The trade was a 12.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $6.01 per share, with a total value of $48,602.87. Following the acquisition, the director now owns 76,740 shares in the company, valued at $461,207.40. This trade represents a 11.78 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Up 1.4 %

NYSE MPW opened at $4.39 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -1.04, a PEG ratio of 0.68 and a beta of 1.32. The company has a 50 day moving average of $4.86 and a 200-day moving average of $4.87. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $6.55.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 annualized dividend and a yield of 7.29%. Medical Properties Trust’s dividend payout ratio is presently -7.58%.

Wall Street Analyst Weigh In

MPW has been the topic of several research analyst reports. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a report 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 boosted their price target on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.58.

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.