International Assets Investment Management LLC Raises Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

International Assets Investment Management LLC grew its position in Medical Properties Trust, Inc. (NYSE:MPW) by 378.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 885,983 shares of the real estate investment trust’s stock after acquiring an additional 700,783 shares during the quarter. International Assets Investment Management LLC owned about 0.15% of Medical Properties Trust worth $5,183,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Medical Properties Trust by 27.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,712 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 8,611 shares during the last quarter. State of Alaska Department of Revenue raised its stake 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 worth $3,045,000 after purchasing an additional 302,000 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Medical Properties Trust during the first quarter worth $73,000. First Trust Direct Indexing L.P. purchased a new position in Medical Properties Trust in the 1st quarter valued at $271,000. Finally, Maryland State Retirement & Pension System increased its stake in Medical Properties Trust by 476.1% in the 1st quarter. Maryland State Retirement & Pension System now owns 261,179 shares of the real estate investment trust’s stock valued at $1,230,000 after buying an additional 215,843 shares during the period. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Medical Properties Trust Price Performance

MPW stock opened at $4.52 on Friday. The firm has a 50 day moving average of $5.15 and a 200-day moving average of $4.92. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -1.69, a PEG ratio of 0.69 and a beta of 1.29. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55.

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 during the quarter, compared to the consensus estimate of $259.53 million. During the same quarter last year, the firm posted $0.48 EPS. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. As a group, equities analysts expect that Medical Properties Trust, Inc. will post 0.85 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 9th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.32 annualized dividend and a yield of 7.09%. Medical Properties Trust’s dividend payout ratio (DPR) is currently -11.90%.

Analysts Set New Price Targets

Several analysts have recently commented on MPW shares. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Colliers Securities upgraded 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 report on Friday, September 13th. Finally, Truist Financial lifted their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.38.

Insiders Place Their Bets

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

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.