Sittner & Nelson LLC Purchases New Shares in Medical Properties Trust, Inc. (NYSE:MPW)

Sittner & Nelson LLC purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, HoldingsChannel.com reports. The firm purchased 40,000 shares of the real estate investment trust’s stock, valued at approximately $234,000.

A number of other large investors have also added to or reduced their stakes in MPW. Vanguard Group Inc. grew its holdings 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 in the last quarter. Goldentree Asset Management LP acquired a new stake in Medical Properties Trust during the 1st quarter valued at $15,966,000. Bank of New York Mellon Corp boosted its stake in Medical Properties Trust by 22.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock valued at $29,775,000 after acquiring an additional 1,274,481 shares during the last quarter. Wilsey Asset Management Inc. boosted 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 acquiring an additional 936,631 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Medical Properties Trust by 378.4% during the 3rd quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after acquiring an additional 700,783 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on MPW. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, September 13th. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note 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 note on Friday, September 13th. Two research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.38.

Medical Properties Trust Trading Down 1.0 %

Medical Properties Trust stock opened at $4.55 on Friday. The firm’s 50-day moving average is $5.16 and its 200-day moving average is $4.92. 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, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The company has a market cap of $2.73 billion, a P/E ratio of -1.69, a PEG ratio of 0.68 and a beta of 1.32.

Medical Properties Trust (NYSE:MPW) last posted its quarterly 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 firm had revenue of $266.60 million for the quarter, compared to the consensus estimate of $259.53 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The business’s revenue was down 21.0% on a year-over-year basis. On average, equities analysts expect that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were issued 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 dividend payout ratio (DPR) is presently -11.90%.

Insider Buying and Selling

In related news, Director Michael G. Stewart sold 32,780 shares of the 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 owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 value of $89,921.40. Following the sale, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the completion of the sale, the director now directly owns 221,245 shares in the company, valued at approximately $1,207,997.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,335 shares of company stock valued at $318,825 in the last quarter. 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.