Louisiana State Employees Retirement System Has $1.70 Million Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Louisiana State Employees Retirement System lowered its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 290,100 shares of the real estate investment trust’s stock after selling 11,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Medical Properties Trust were worth $1,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Medical Properties Trust during the third quarter worth $29,000. Versant Capital Management Inc lifted its holdings in shares of Medical Properties Trust by 435.0% during the second quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 6,482 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of Medical Properties Trust by 166.7% during the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 5,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Medical Properties Trust by 107.3% in the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,145 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Medical Properties Trust in the first quarter worth $43,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Activity

In other news, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction that occurred 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 owns 54,637 shares of the company’s stock, valued at $239,310.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Elizabeth N. Pitman bought 8,087 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the acquisition, the director now directly owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C Reynolds Thompson III sold 20,530 shares of the company’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 sale, the director now owns 54,637 shares in the company, 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. Insiders sold 63,335 shares of company stock valued at $318,825 over the last quarter. 1.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MPW shares. Colliers Securities upgraded 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. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, Truist Financial raised their price target on 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 analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.38.

Medical Properties Trust Stock Performance

Medical Properties Trust stock opened at $4.71 on Thursday. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month 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 business’s 50-day moving average price is $5.15 and its two-hundred day moving average price is $4.93. The stock has a market cap of $2.83 billion, a PE ratio of -1.76, a P/E/G ratio of 0.68 and a beta of 1.29.

Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (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 analysts’ expectations of $259.53 million. During the same quarter in the previous year, the company posted $0.48 EPS. The firm’s revenue was down 21.0% on a year-over-year basis. As a group, analysts expect that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio is currently -11.90%.

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.