5,340 Shares in Medical Properties Trust, Inc. (NYSE:MPW) Bought by Truvestments Capital LLC

Truvestments Capital LLC acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,340 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Other hedge funds also recently made changes to their positions in the company. Goldentree Asset Management LP acquired a new stake in shares of Medical Properties Trust in the 1st quarter valued at about $15,966,000. Bank of New York Mellon Corp boosted its holdings in shares of Medical Properties Trust by 22.6% in the second 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. boosted 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 acquiring an additional 936,631 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Medical Properties Trust by 378.4% in the 3rd 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 acquiring an additional 700,783 shares during the period. Finally, APG Asset Management US Inc. purchased a new stake in Medical Properties Trust in the 2nd quarter valued at $2,045,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MPW. Truist Financial raised their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Colliers Securities raised 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 equities research analysts have 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.50.

Medical Properties Trust Stock Performance

NYSE MPW opened at $4.33 on Thursday. 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 business’s 50 day moving average is $4.95 and its two-hundred day moving average is $4.90. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -1.02, a PEG ratio of 0.69 and a beta of 1.32. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55.

Medical Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Insider Buying and Selling at Medical Properties Trust

In other news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, October 9th. The shares were 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 directly owns 221,245 shares in the company, valued at approximately $1,207,997.70. This trade represents a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following 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 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 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.