Signaturefd LLC Sells 7,342 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Signaturefd LLC reduced its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 14.2% during the third quarter, HoldingsChannel reports. The firm owned 44,348 shares of the real estate investment trust’s stock after selling 7,342 shares during the period. Signaturefd LLC’s holdings in Medical Properties Trust were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Medical Properties Trust by 22.1% during the second quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock valued at $3,418,000 after purchasing an additional 143,309 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Medical Properties Trust by 87.3% during the first quarter. State of Alaska Department of Revenue now owns 648,000 shares of the real estate investment trust’s stock valued at $3,045,000 after purchasing an additional 302,000 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Medical Properties Trust by 91.5% during the second quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock valued at $793,000 after purchasing an additional 87,881 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Medical Properties Trust by 8.2% during the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after purchasing an additional 7,084,981 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Medical Properties Trust by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock valued at $37,168,000 after purchasing an additional 328,184 shares in the last quarter. 71.79% of the stock is owned by institutional investors.

Insider Transactions at Medical Properties Trust

In other news, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the transaction, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the transaction, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the transaction, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,335 shares of company stock valued at $318,825 over the last 90 days. Company insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MPW shares. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Truist Financial upped their price objective 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. BNP Paribas cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Finally, Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.38.

Medical Properties Trust Stock Performance

Shares of MPW opened at $4.62 on Friday. 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 business has a 50-day simple moving average of $5.15 and a two-hundred day simple moving average of $4.91. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -1.72, a PEG ratio of 0.69 and a beta of 1.29. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55.

Medical Properties Trust (NYSE:MPW) last issued its quarterly 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 during the quarter, compared to analyst estimates of $259.53 million. The firm’s quarterly revenue was down 21.0% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. On average, analysts expect that Medical Properties Trust, Inc. will post 0.85 EPS for the current year.

Medical Properties Trust Cuts Dividend

The business also recently declared 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 6.93%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s payout ratio is -11.90%.

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.