Fmr LLC Sells 99,176 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Fmr LLC trimmed its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 446,203 shares of the real estate investment trust’s stock after selling 99,176 shares during the period. Fmr LLC’s holdings in Medical Properties Trust were worth $2,610,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Ables Iannone Moore & Associates Inc. lifted its position in shares of Medical Properties Trust by 3.4% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 58,707 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 1,939 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Medical Properties Trust by 0.6% during the second quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock worth $1,746,000 after purchasing an additional 2,246 shares in the last quarter. KG&L Capital Management LLC lifted its position in shares of Medical Properties Trust by 5.3% during the third quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 2,550 shares in the last quarter. Keynote Financial Services LLC lifted its position in shares of Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 2,715 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Medical Properties Trust by 1.9% during the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock worth $723,000 after purchasing an additional 3,103 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Trading Down 1.5 %

Shares of NYSE MPW opened at $3.98 on Friday. The company’s 50 day simple moving average is $4.53 and its 200 day simple moving average is $4.81. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market capitalization of $2.39 billion, a P/E ratio of -0.94, a P/E/G ratio of 0.64 and a beta of 1.29. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55.

Medical Properties Trust Announces Dividend

The company also recently announced 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 8.04%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Mizuho reduced their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, September 13th. Truist Financial increased their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Finally, Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.25.

Insiders Place Their Bets

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

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.