Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in Medical Properties Trust, Inc. (NYSE:MPW) by 32.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,133 shares of the real estate investment trust’s stock after selling 61,867 shares during the quarter. Gabelli Funds LLC’s holdings in Medical Properties Trust were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPW. Vanguard Group Inc. raised its position in shares of Medical Properties Trust by 8.2% in the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after buying an additional 7,084,981 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Medical Properties Trust by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock worth $37,168,000 after purchasing an additional 328,184 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $29,775,000 after purchasing an additional 1,274,481 shares during the last quarter. Coatue Management LLC increased its holdings in shares of Medical Properties Trust by 18.5% in the fourth quarter. Coatue Management LLC now owns 6,806,501 shares of the real estate investment trust’s stock valued at $33,420,000 after purchasing an additional 1,060,830 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in Medical Properties Trust by 6.5% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 5,395,068 shares of the real estate investment trust’s stock valued at $26,490,000 after buying an additional 329,224 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the acquisition, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Elizabeth N. Pitman bought 8,087 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the acquisition, the director now directly owns 76,740 shares in the company, valued at $461,207.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth N. Pitman sold 10,025 shares of Medical Properties Trust stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the transaction, the director now owns 68,653 shares of the company’s stock, valued at approximately $341,891.94. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Trading Down 0.7 %

MPW opened at $5.89 on Friday. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $5.02 and a 200-day simple moving average of $4.79. The firm has a market cap of $3.53 billion, a P/E ratio of -2.65, a P/E/G ratio of 0.84 and a beta of 1.28.

Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.75). The business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $259.53 million. Medical Properties Trust’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. On average, equities analysts expect that Medical Properties Trust, Inc. will post 0.87 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.32 annualized dividend and a yield of 5.43%. Medical Properties Trust’s dividend payout ratio is presently -14.41%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MPW shares. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Friday, September 13th. BNP Paribas cut shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a report on Monday. Finally, Truist Financial upped their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Medical Properties Trust currently has an average rating of “Hold” and a consensus price target of $5.22.

Medical Properties Trust Company 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.