Private Advisor Group LLC Has $629,000 Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Private Advisor Group LLC lessened its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 11.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 107,561 shares of the real estate investment trust’s stock after selling 14,342 shares during the quarter. Private Advisor Group LLC’s holdings in Medical Properties Trust were worth $629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Medical Properties Trust by 27.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,712 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 8,611 shares during the period. Norden Group LLC bought a new position in shares of Medical Properties Trust during the 1st quarter worth approximately $73,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Medical Properties Trust during the 1st quarter worth approximately $271,000. Sequoia Financial Advisors LLC bought a new stake in shares of Medical Properties Trust in the 1st quarter valued at $181,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Medical Properties Trust during the 1st quarter valued at $43,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Buying and Selling at Medical Properties Trust

In other news, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction 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 in the company, valued at approximately $341,891.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the sale, the director now owns 54,637 shares in the company, valued at $239,310.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth N. Pitman sold 10,025 shares of Medical Properties Trust stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,335 shares of company stock worth $318,825 over the last ninety days. 1.53% of the stock is currently owned by company insiders.

Medical Properties Trust Price Performance

MPW opened at $4.51 on Monday. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -1.68, a P/E/G ratio of 0.68 and a beta of 1.32. The firm’s fifty day moving average price is $5.15 and its two-hundred day moving average price is $4.92.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The company had revenue of $266.60 million for the quarter, compared to analyst estimates of $259.53 million. During the same period in the previous year, the business earned $0.48 EPS. The business’s revenue was down 21.0% compared to the same quarter last year. As a group, analysts anticipate that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 9th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend was Monday, September 9th. Medical Properties Trust’s dividend payout ratio is currently -11.90%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MPW. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, Truist Financial raised their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.38.

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.