Indie Asset Partners LLC Grows Position in Medical Properties Trust, Inc. (NYSE:MPW)

Indie Asset Partners LLC boosted its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,384 shares of the real estate investment trust’s stock after purchasing an additional 2,204 shares during the quarter. Indie Asset Partners LLC’s holdings in Medical Properties Trust were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of Medical Properties Trust in the third quarter valued at about $927,000. JPMorgan Chase & Co. grew its holdings in shares of Medical Properties Trust by 21.7% during the third quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust’s stock valued at $9,973,000 after purchasing an additional 303,628 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Medical Properties Trust by 27.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock worth $3,030,000 after purchasing an additional 112,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Medical Properties Trust by 353.5% in the 3rd 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 worth $20,625,000 after purchasing an additional 2,748,245 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Medical Properties Trust during the third quarter valued at $883,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Buying and Selling

In related news, CAO James Kevin Hanna sold 11,641 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were 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 document filed with the SEC, which is available through the SEC website. 1.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on MPW. Truist Financial dropped their price target 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 cut their target price on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Medical Properties Trust currently has an average rating of “Hold” and an average price target of $4.92.

Medical Properties Trust Stock Down 2.3 %

Medical Properties Trust stock opened at $4.88 on Friday. 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, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55. The stock has a market cap of $2.93 billion, a P/E ratio of -1.16, a P/E/G ratio of 1.01 and a beta of 1.32. The company’s 50-day moving average price is $4.31 and its two-hundred day moving average price is $4.64.

Medical Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be issued a $0.08 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.56%. Medical Properties Trust’s dividend payout ratio is presently -7.58%.

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.