Mirae Asset Global Investments Co. Ltd. Raises Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Mirae Asset Global Investments Co. Ltd. boosted its position in Medical Properties Trust, Inc. (NYSE:MPW) by 34.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,342 shares of the real estate investment trust’s stock after purchasing an additional 6,037 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Medical Properties Trust were worth $139,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MPW. Thrivent Financial for Lutherans grew its position in shares of Medical Properties Trust by 22.1% in the second quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock valued at $3,418,000 after purchasing an additional 143,309 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Medical Properties Trust by 378.4% in the 3rd quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after purchasing an additional 700,783 shares during the period. Algert Global LLC raised its position in shares of Medical Properties Trust by 91.5% in the second quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 87,881 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Medical Properties Trust by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after acquiring an additional 7,084,981 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Medical Properties Trust by 4.0% in the second 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 during the last quarter. 71.79% of the stock is currently owned by institutional investors.

Insider Activity at Medical Properties Trust

In other news, Director Elizabeth N. Pitman bought 8,087 shares of the stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the acquisition, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Elizabeth N. Pitman bought 8,087 shares of Medical Properties Trust stock in a transaction on Wednesday, September 18th. The stock was acquired 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 of the company’s stock, valued at $461,207.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,335 shares of company stock worth $318,825 in the last 90 days. 1.53% of the stock is owned by corporate insiders.

Medical Properties Trust Stock Performance

NYSE MPW opened at $4.63 on Tuesday. The stock has a market capitalization of $2.78 billion, a PE ratio of -1.72, a P/E/G ratio of 0.68 and a beta of 1.32. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $6.55. The business has a 50 day simple moving average of $5.15 and a two-hundred day simple moving average of $4.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93.

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 the consensus estimate of $0.21 by ($0.75). The firm had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. During the same period last year, the firm earned $0.48 earnings per share. Medical Properties Trust’s revenue was down 21.0% on a year-over-year basis. On average, research analysts predict that Medical Properties Trust, Inc. will post 0.85 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 9th. This represents a $0.32 annualized dividend and a dividend yield of 6.91%. Medical Properties Trust’s dividend payout ratio (DPR) is -11.90%.

Analyst Ratings Changes

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

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.