New York State Teachers Retirement System Has $3.05 Million Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

New York State Teachers Retirement System lowered its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 521,954 shares of the real estate investment trust’s stock after selling 44,683 shares during the period. New York State Teachers Retirement System’s holdings in Medical Properties Trust were worth $3,053,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. abrdn plc grew its position in shares of Medical Properties Trust by 2.2% in the 3rd quarter. abrdn plc now owns 531,609 shares of the real estate investment trust’s stock valued at $3,110,000 after acquiring an additional 11,504 shares during the period. Welch Group LLC grew its holdings in Medical Properties Trust by 112.5% during the third quarter. Welch Group LLC now owns 39,725 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 21,029 shares during the period. DekaBank Deutsche Girozentrale increased its position in Medical Properties Trust by 5.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 143,910 shares of the real estate investment trust’s stock worth $863,000 after buying an additional 7,874 shares during the last quarter. MCF Advisors LLC bought a new stake in Medical Properties Trust in the third quarter valued at approximately $230,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Medical Properties Trust by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,342 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 6,037 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Down 1.0 %

MPW opened at $4.55 on Friday. The stock has a fifty day moving average of $5.16 and a 200-day moving average of $4.92. The company has a market capitalization of $2.73 billion, a P/E ratio of -1.69, a P/E/G ratio of 0.68 and a beta of 1.32. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.93 and a current ratio of 2.93.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate 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. The firm’s quarterly revenue was down 21.0% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. On average, equities analysts expect that Medical Properties Trust, Inc. will post 0.85 EPS for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were given a $0.08 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.04%. Medical Properties Trust’s payout ratio is -11.90%.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust 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 completion of the transaction, the director now directly owns 54,637 shares of the company’s stock, valued at $239,310.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director C Reynolds Thompson III sold 20,530 shares of the business’s 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 completion of the transaction, the director now directly owns 54,637 shares in the company, valued at approximately $239,310.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth N. Pitman purchased 8,087 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now directly owns 76,740 shares in the company, valued at $461,207.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 63,335 shares of company stock worth $318,825. Company insiders own 1.53% of the company’s stock.

Analyst Ratings Changes

MPW has been the topic of a number of recent analyst reports. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Truist Financial increased 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 report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.38.

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.