Amalgamated Bank Has $1.10 Million Position in Medical Properties Trust, Inc. (NYSE:MPW)

Amalgamated Bank decreased its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,519 shares of the real estate investment trust’s stock after selling 7,668 shares during the quarter. Amalgamated Bank’s holdings in Medical Properties Trust were worth $1,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KG&L Capital Management LLC lifted its stake in shares of Medical Properties Trust by 5.3% during the 3rd quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock worth $298,000 after buying an additional 2,550 shares during the last quarter. Van ECK Associates Corp lifted its position in Medical Properties Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 251,959 shares of the real estate investment trust’s stock worth $1,474,000 after acquiring an additional 27,597 shares during the last quarter. Optas LLC bought a new stake in shares of Medical Properties Trust during the third quarter worth approximately $66,000. abrdn plc grew its position in shares of Medical Properties Trust by 2.2% in the third quarter. abrdn plc now owns 531,609 shares of the real estate investment trust’s stock valued at $3,110,000 after purchasing an additional 11,504 shares during the last quarter. Finally, Welch Group LLC increased its stake in shares of 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. 71.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MPW has been the subject of several recent research reports. Truist Financial boosted their price target on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.50.

Medical Properties Trust Trading Up 1.1 %

Shares of MPW opened at $4.40 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.93 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. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -1.04, a PEG ratio of 0.67 and a beta of 1.32. The business’s fifty day moving average is $5.16 and its 200-day moving average is $4.92.

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 paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 7.27%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s payout ratio is -7.58%.

Insider Transactions at Medical Properties Trust

In related news, Director Elizabeth N. Pitman purchased 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average cost of $6.01 per share, with a total value of $48,602.87. Following the acquisition, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Elizabeth N. Pitman acquired 8,087 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $6.01 per share, with a total value of $48,602.87. Following the acquisition, the director now directly owns 76,740 shares in the company, valued at $461,207.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust 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 sale, the director now directly owns 221,245 shares in the company, valued at $1,207,997.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

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.