Inspire Investing LLC Sells 11,530 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Inspire Investing LLC reduced its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,357 shares of the real estate investment trust’s stock after selling 11,530 shares during the quarter. Inspire Investing LLC’s holdings in Medical Properties Trust were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MPW. Vanguard Group Inc. lifted its stake in Medical Properties Trust by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after acquiring an additional 7,084,981 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Medical Properties Trust by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock worth $37,168,000 after purchasing an additional 328,184 shares during the last quarter. Bank of New York Mellon Corp grew its position in Medical Properties Trust by 22.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock worth $29,775,000 after purchasing an additional 1,274,481 shares during the period. Wilsey Asset Management Inc. raised its stake in Medical Properties Trust by 27.2% during the 2nd quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock valued at $18,861,000 after buying an additional 936,631 shares during the last quarter. Finally, Goldentree Asset Management LP bought a new position in shares of Medical Properties Trust during the 1st quarter valued at $15,966,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Medical Properties Trust Stock Down 0.4 %

Shares of MPW stock opened at $4.71 on Friday. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of -2.12, a PEG ratio of 0.76 and a beta of 1.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93. The company’s fifty day moving average price is $5.14 and its 200-day moving average price is $4.89. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $6.55.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.75). The firm 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 quarter last year, the firm earned $0.48 EPS. Sell-side analysts expect that Medical Properties Trust, Inc. will post 0.85 EPS 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. Stockholders of record on Monday, September 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.79%. The ex-dividend date of this dividend was Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -14.41%.

Insider Buying and Selling at Medical Properties Trust

In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Michael G. Stewart sold 32,780 shares of the company’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 sale, the director now owns 221,245 shares of the company’s stock, valued at $1,207,997.70. 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 this link. Also, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,335 shares of company stock worth $318,825. Insiders own 1.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MPW. 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. BNP Paribas cut shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, Truist Financial increased their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating 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 issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.38.

Medical Properties Trust Company 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.