Everence Capital Management Inc. Invests $587,000 in Medical Properties Trust, Inc. (NYSE:MPW)

Everence Capital Management Inc. purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 100,330 shares of the real estate investment trust’s stock, valued at approximately $587,000.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of Medical Properties Trust by 22.1% during the 2nd 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 during the period. HighPoint Advisor Group LLC purchased a new position in shares of Medical Properties Trust in the fourth quarter valued at about $62,000. State of Alaska Department of Revenue boosted its stake in shares of Medical Properties Trust by 87.3% in 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 acquiring an additional 302,000 shares during the period. Algert Global LLC grew its position 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 worth $793,000 after purchasing an additional 87,881 shares in the last quarter. Finally, Vanguard Group Inc. raised 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 purchasing an additional 7,084,981 shares during the period. Institutional investors own 71.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MPW shares. Wolfe Research upgraded 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 target price for the company in a research report on Friday, September 13th. Truist Financial raised their target price on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Finally, BNP Paribas downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $6.00 to $4.00 in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Medical Properties Trust presently has a consensus rating of “Hold” and an average 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 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 owns 54,637 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. In related news, Director Elizabeth N. Pitman sold 10,025 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the transaction, the director now owns 68,653 shares in the company, valued at $341,891.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $89,921.40. Following the sale, the director now owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,335 shares of company stock valued at $318,825 over the last three months. 1.53% of the stock is owned by company insiders.

Medical Properties Trust Price Performance

Medical Properties Trust stock opened at $4.74 on Tuesday. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $6.55. 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 firm’s fifty day moving average is $5.15 and its 200 day moving average is $4.90. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -2.14, a PEG ratio of 0.76 and a beta of 1.29.

Medical Properties Trust (NYSE:MPW) last announced 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 company had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. The company’s revenue was down 21.0% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. Sell-side analysts forecast that Medical Properties Trust, Inc. will post 0.85 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors 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 yield of 6.75%. Medical Properties Trust’s dividend payout ratio is presently -14.41%.

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.