The Manufacturers Life Insurance Company Sells 2,353 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

The Manufacturers Life Insurance Company lowered its position in Medical Properties Trust, Inc. (NYSE:MPW) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,639 shares of the real estate investment trust’s stock after selling 2,353 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Medical Properties Trust were worth $520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPW. Versant Capital Management Inc grew its position in 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 acquiring an additional 6,482 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in Medical Properties Trust by 166.7% during the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 5,000 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Medical Properties Trust during the first quarter valued at about $38,000. Fidelis Capital Partners LLC purchased a new stake in Medical Properties Trust during the first quarter valued at about $43,000. Finally, Gateway Investment Advisers LLC purchased a new stake in Medical Properties Trust during the second quarter valued at about $45,000. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Medical Properties Trust Trading Up 3.8 %

NYSE:MPW opened at $4.70 on Wednesday. The company’s 50 day moving average price is $5.14 and its 200-day moving average price is $4.89. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of -2.03, a PEG ratio of 0.76 and a beta of 1.29.

Medical Properties Trust (NYSE:MPW) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The business had revenue of $266.60 million for the quarter, compared to analyst estimates of $259.53 million. During the same period in the previous year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. On average, equities research analysts forecast that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 9th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -14.41%.

Insiders Place Their Bets

In other news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction 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 owns 221,245 shares of the company’s stock, valued at $1,207,997.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction 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 owns 221,245 shares of the company’s stock, valued at $1,207,997.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $6.01 per share, with a total value of $48,602.87. Following the transaction, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 63,335 shares of company stock valued at $318,825. Company insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Colliers Securities raised shares of 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. BNP Paribas downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Finally, Truist Financial upped their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.22.

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.