Pacific Sun Financial Corp Decreases Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Pacific Sun Financial Corp lowered its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 22.8% during the fourth quarter, HoldingsChannel reports. The firm owned 13,149 shares of the real estate investment trust’s stock after selling 3,875 shares during the period. Pacific Sun Financial Corp’s holdings in Medical Properties Trust were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Medical Properties Trust by 14.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 111,807 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 14,219 shares during the last quarter. Lecap Asset Management Ltd. grew its stake in Medical Properties Trust by 150.9% during the 3rd quarter. Lecap Asset Management Ltd. now owns 276,317 shares of the real estate investment trust’s stock valued at $1,616,000 after purchasing an additional 166,182 shares in the last quarter. International Assets Investment Management LLC increased its holdings 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 worth $5,183,000 after purchasing an additional 700,783 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Medical Properties Trust by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,342 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 6,037 shares during the last quarter. Finally, MCF Advisors LLC acquired a new stake in shares of Medical Properties Trust during the third quarter worth approximately $230,000. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Price Performance

Shares of NYSE:MPW opened at $5.02 on Thursday. The company has a market cap of $3.01 billion, a PE ratio of -1.19, a P/E/G ratio of 1.01 and a beta of 1.32. Medical Properties Trust, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.55. The firm has a 50-day simple moving average of $4.28 and a 200 day simple moving average of $4.64. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust’s payout ratio is -7.58%.

Insider Buying and Selling

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total value of $43,304.52. Following the sale, the chief accounting officer now directly owns 366,913 shares of the company’s stock, valued at $1,364,916.36. This trade represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MPW shares. Truist Financial reduced their price objective on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Mizuho reduced their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $4.92.

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.