Sunbelt Securities Inc. Acquires 5,705 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Sunbelt Securities Inc. increased its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,942 shares of the real estate investment trust’s stock after acquiring an additional 5,705 shares during the period. Sunbelt Securities Inc.’s holdings in Medical Properties Trust were worth $2,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPW. Future Financial Wealth Managment LLC bought a new stake in shares of Medical Properties Trust in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in Medical Properties Trust in the 3rd quarter worth about $31,000. Iron Horse Wealth Management LLC grew its position in Medical Properties Trust by 166.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 5,000 shares during the last quarter. GAMMA Investing LLC increased its stake in Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,145 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new position in Medical Properties Trust in the second quarter worth about $46,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MPW. Mizuho reduced their target price on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Truist Financial boosted their target price 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. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.25.

Insiders Place Their Bets

In related news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the transaction, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. The trade was a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the purchase, the director now directly owns 76,740 shares in the company, valued at $461,207.40. This trade represents a 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.53% of the stock is owned by company insiders.

Medical Properties Trust Trading Down 1.9 %

Shares of Medical Properties Trust stock opened at $4.10 on Wednesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market capitalization of $2.46 billion, a PE ratio of -0.97, a P/E/G ratio of 0.64 and a beta of 1.29. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $6.55. The company’s fifty day simple moving average is $4.62 and its 200-day simple moving average is $4.83.

Medical Properties Trust Dividend Announcement

The business 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. The ex-dividend date is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.80%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

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.