Quadrature Capital Ltd acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 158,311 shares of the real estate investment trust's stock, valued at approximately $927,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in shares of Medical Properties Trust by 35.2% in the 3rd quarter. Quantinno Capital Management LP now owns 31,992 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 8,338 shares during the last quarter. Quarry LP boosted its position in Medical Properties Trust by 1,793.9% during the third quarter. Quarry LP now owns 18,030 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 17,078 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Medical Properties Trust by 31.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 21,404 shares of the real estate investment trust's stock worth $125,000 after acquiring an additional 5,099 shares during the period. Benjamin Edwards Inc. bought a new position in shares of Medical Properties Trust in the 3rd quarter worth about $526,000. Finally, Kestra Investment Management LLC bought a new position in shares of Medical Properties Trust in the 3rd quarter worth about $883,000. Institutional investors and hedge funds own 71.79% of the company's stock.
Medical Properties Trust Stock Performance
Shares of Medical Properties Trust stock remained flat at $4.14 on Friday. The stock had a trading volume of 11,359,266 shares, compared to its average volume of 11,805,692. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The stock's 50-day simple moving average is $4.69 and its 200 day simple moving average is $4.84. The firm has a market capitalization of $2.49 billion, a PE ratio of -0.98, a price-to-earnings-growth ratio of 0.65 and a beta of 1.29.
Medical Properties Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust's payout ratio is currently -7.58%.
Analyst Upgrades and Downgrades
MPW has been the topic of several research analyst reports. Colliers Securities raised shares of Medical Properties Trust from a "neutral" rating to a "buy" rating and set a $6.50 target price on the stock in a research note on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a "hold" rating in a research note on Monday, September 23rd. Truist Financial upped their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Friday, September 13th. Finally, Mizuho cut their price target on Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Medical Properties Trust currently has a consensus rating of "Hold" and an average price target of $5.25.
Read Our Latest Report on MPW
Insider Buying and Selling at Medical Properties Trust
In other Medical Properties Trust news, Director Elizabeth N. Pitman acquired 8,087 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This trade represents a 11.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael G. Stewart sold 32,780 shares of the firm's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the sale, the director now directly owns 221,245 shares of the company's stock, valued at approximately $1,207,997.70. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.53% of the company's stock.
Medical Properties Trust Profile
(
Free Report)
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.
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