JPMorgan Chase & Co. Buys 303,628 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

JPMorgan Chase & Co. increased its stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 21.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,704,785 shares of the real estate investment trust's stock after acquiring an additional 303,628 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Medical Properties Trust worth $9,973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in Medical Properties Trust by 4.2% during the second quarter. Commonwealth Equity Services LLC now owns 195,102 shares of the real estate investment trust's stock worth $841,000 after purchasing an additional 7,856 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Medical Properties Trust by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust's stock valued at $723,000 after buying an additional 3,103 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in Medical Properties Trust by 45.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 55,310 shares of the real estate investment trust's stock worth $238,000 after buying an additional 17,375 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 328,184 shares in the last quarter. Finally, Concorde Asset Management LLC grew its position in Medical Properties Trust by 24.2% during the second quarter. Concorde Asset Management LLC now owns 66,702 shares of the real estate investment trust's stock valued at $287,000 after acquiring an additional 13,002 shares during the last quarter. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Medical Properties Trust Trading Down 1.5 %

NYSE:MPW opened at $3.85 on Monday. The firm has a market capitalization of $2.31 billion, a P/E ratio of -0.91, a P/E/G ratio of 0.62 and a beta of 1.29. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The company has a fifty day moving average of $4.15 and a 200 day moving average of $4.65. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend was Thursday, December 12th. Medical Properties Trust's dividend payout ratio (DPR) is -7.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MPW. Truist Financial lowered their price objective on shares of Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating for the company in a report on Thursday, December 19th. Mizuho lowered their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, December 5th. Finally, Wolfe Research raised Medical Properties Trust to a "hold" rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Medical Properties Trust presently has a consensus rating of "Hold" and a consensus target price of $4.92.

Insider Transactions at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now directly owns 366,913 shares in the company, 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 filing with the SEC, which is available at this link. 1.53% of the stock is currently owned by company insiders.

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.