Dynamic Technology Lab Private Ltd Invests $76,000 in Medical Properties Trust, Inc. (NYSE:MPW)

Dynamic Technology Lab Private Ltd bought a new position in Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,024 shares of the real estate investment trust’s stock, valued at approximately $76,000.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in Medical Properties Trust by 22.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock worth $29,775,000 after acquiring an additional 1,274,481 shares during the last quarter. Wilsey Asset Management Inc. grew its position in Medical Properties Trust by 27.2% during the 2nd quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock worth $18,861,000 after acquiring an additional 936,631 shares during the last quarter. International Assets Investment Management LLC grew its position in Medical Properties Trust by 378.4% during the 3rd quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock worth $5,183,000 after acquiring an additional 700,783 shares during the last quarter. APG Asset Management US Inc. bought a new stake in Medical Properties Trust during the 2nd quarter worth approximately $2,045,000. Finally, Caxton Associates LP bought a new stake in Medical Properties Trust during the 2nd quarter worth approximately $2,066,000. 71.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael G. Stewart sold 32,780 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was 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 owns 221,245 shares in the company, valued at $1,207,997.70. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $6.01 per share, with a total value of $48,602.87. Following the acquisition, the director now directly owns 76,740 shares in the company, valued at $461,207.40. This represents a 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.53% of the stock is owned by corporate insiders.

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock opened at $4.25 on Wednesday. The stock’s fifty day simple moving average is $4.80 and its 200 day simple moving average is $4.86. Medical Properties Trust, Inc. has a 12 month low of $2.92 and a 12 month high of $6.55. The company has a market capitalization of $2.55 billion, a PE ratio of -1.01, a PEG ratio of 0.66 and a beta of 1.29. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MPW shares. Truist Financial increased their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. 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 report on Friday, September 13th. Finally, Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Medical Properties Trust has an average rating of “Hold” and an average price target of $5.58.

About Medical Properties Trust

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.