James Kevin Hanna Sells 11,641 Shares of Medical Properties Trust, Inc. (NYSE:MPW) Stock

Medical Properties Trust, Inc. (NYSE:MPW) CAO James Kevin Hanna sold 11,641 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the transaction, the chief accounting officer now directly owns 366,913 shares in the company, valued at $1,364,916.36. The trade was a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Medical Properties Trust Price Performance

NYSE:MPW traded down $0.01 on Thursday, hitting $3.76. The company had a trading volume of 11,073,962 shares, compared to its average volume of 16,346,901. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. 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 stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -0.89, a PEG ratio of 0.62 and a beta of 1.29. The firm has a 50 day moving average of $4.34 and a two-hundred day moving average of $4.73.

Medical Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Analyst Ratings Changes

A number of brokerages have commented on MPW. Colliers Securities raised 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. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Mizuho cut their price objective on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Finally, Truist Financial lowered their target price on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.92.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Medical Properties Trust by 21.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust’s stock worth $9,973,000 after buying an additional 303,628 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Medical Properties Trust by 172.7% during the third quarter. Sanctuary Advisors LLC now owns 33,758 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 21,379 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of Medical Properties Trust during the third quarter worth $82,000. Sunbelt Securities Inc. grew its stake in shares of Medical Properties Trust by 1.4% in the third quarter. Sunbelt Securities Inc. now owns 411,942 shares of the real estate investment trust’s stock worth $2,410,000 after purchasing an additional 5,705 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Medical Properties Trust by 15.5% in the third quarter. M&T Bank Corp now owns 332,921 shares of the real estate investment trust’s stock valued at $1,948,000 after purchasing an additional 44,597 shares during the period. Institutional investors own 71.79% of the company’s stock.

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.