Kestra Investment Management LLC Takes Position in Medical Properties Trust, Inc. (NYSE:MPW)

Kestra Investment Management LLC bought a new position in Medical Properties Trust, Inc. (NYSE:MPW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 150,967 shares of the real estate investment trust’s stock, valued at approximately $883,000.

Several other hedge funds also recently modified their holdings of MPW. Silver Point Capital L.P. raised its position in shares of Medical Properties Trust by 155.3% in the third quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust’s stock valued at $35,100,000 after purchasing an additional 3,650,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Medical Properties Trust by 353.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust’s stock valued at $20,625,000 after purchasing an additional 2,748,245 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Medical Properties Trust by 22.6% in the second 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. 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 purchasing an additional 936,631 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Medical Properties Trust by 378.4% in 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 buying an additional 700,783 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Activity at Medical Properties Trust

In other news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust 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 transaction, the director now directly owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This trade represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $6.01 per share, with a total value of $48,602.87. Following the transaction, the director now owns 76,740 shares in the company, valued at $461,207.40. This represents a 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Performance

Shares of NYSE:MPW opened at $4.39 on Monday. The business has a fifty day moving average of $4.86 and a 200-day moving average of $4.87. The firm has a market cap of $2.64 billion, a PE ratio of -1.04, a price-to-earnings-growth ratio of 0.68 and a beta of 1.32. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MPW shares. Truist Financial raised their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 13th. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Friday, September 13th. Finally, Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.58.

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.