Kestra Investment Management LLC Acquires New Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Kestra Investment Management LLC bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 150,967 shares of the real estate investment trust’s stock, valued at approximately $883,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Medical Properties Trust by 31.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 36,803 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 8,714 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Medical Properties Trust by 269.9% during the 1st quarter. Cetera Investment Advisers now owns 347,247 shares of the real estate investment trust’s stock worth $1,632,000 after acquiring an additional 253,365 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Medical Properties Trust by 11.7% in the first quarter. Cetera Advisors LLC now owns 124,863 shares of the real estate investment trust’s stock valued at $587,000 after purchasing an additional 13,107 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Medical Properties Trust by 435.0% in the second quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 6,482 shares in the last quarter. Finally, Sage Capital Advisors llc acquired a new position in Medical Properties Trust during the second quarter worth $47,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Activity at Medical Properties Trust

In other news, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the transaction, the director now directly owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the stock in a transaction on Wednesday, September 18th. The stock was 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 ownership of the stock. The disclosure for this purchase can be found here. 1.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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 research report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, Truist Financial increased their price target on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 13th. One research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.58.

Medical Properties Trust Trading Up 1.4 %

Shares of NYSE:MPW opened at $4.39 on Monday. The company has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.87. The company has a market capitalization of $2.64 billion, a P/E ratio of -1.04, a price-to-earnings-growth ratio of 0.68 and a beta of 1.32. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $6.55.

Medical Properties Trust Dividend Announcement

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

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.