Kestra Investment Management LLC Buys Shares of 150,967 Medical Properties Trust, Inc. (NYSE:MPW)

Kestra Investment Management LLC acquired a new position in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 150,967 shares of the real estate investment trust's stock, valued at approximately $883,000.

Several other hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in Medical Properties Trust during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in Medical Properties Trust during the third quarter worth $31,000. GAMMA Investing LLC raised its holdings in Medical Properties Trust by 107.3% during the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust's stock worth $36,000 after buying an additional 3,145 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Medical Properties Trust by 435.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 6,482 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Medical Properties Trust by 166.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 5,000 shares in the last quarter. 71.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MPW. 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. 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 report on Friday, September 13th. Finally, Wolfe Research raised shares of Medical Properties Trust to a "hold" rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.58.

Insider Activity

In other Medical Properties Trust news, Director Elizabeth N. Pitman bought 8,087 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the acquisition, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This represents a 11.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael G. Stewart sold 32,780 shares of the business's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total transaction of $178,978.80. Following the sale, the director now owns 221,245 shares in the company, valued at approximately $1,207,997.70. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.53% of the company's stock.

Medical Properties Trust Trading Down 2.7 %

Shares of NYSE MPW traded down $0.12 during mid-day trading on Monday, hitting $4.27. The stock had a trading volume of 7,965,887 shares, compared to its average volume of 16,573,416. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The business has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $4.87. The firm has a market cap of $2.56 billion, a P/E ratio of -1.01, a price-to-earnings-growth 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.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust's payout ratio is currently -7.58%.

Medical Properties Trust 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.