Thrivent Financial for Lutherans Sells 321,784 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Thrivent Financial for Lutherans decreased its position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 40.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 471,219 shares of the real estate investment trust's stock after selling 321,784 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Medical Properties Trust worth $2,757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 328,184 shares during the period. Bank of New York Mellon Corp lifted its holdings in Medical Properties Trust by 22.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust's stock worth $29,775,000 after purchasing an additional 1,274,481 shares in the last quarter. Wilsey Asset Management Inc. boosted its stake in Medical Properties Trust by 27.2% in the 2nd quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust's stock worth $18,861,000 after purchasing an additional 936,631 shares during the period. Goldentree Asset Management LP purchased a new stake in Medical Properties Trust during the 1st quarter valued at approximately $15,966,000. Finally, Public Sector Pension Investment Board raised its position in shares of Medical Properties Trust by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 1,320,781 shares of the real estate investment trust's stock valued at $5,693,000 after buying an additional 93,021 shares during the last quarter. Institutional investors own 71.79% of the company's stock.

Insider Activity

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

Medical Properties Trust Trading Up 1.5 %

Shares of NYSE:MPW traded up $0.07 during trading on Wednesday, reaching $4.33. The company's stock had a trading volume of 9,085,638 shares, compared to its average volume of 16,652,182. The firm's 50 day simple moving average is $4.95 and its two-hundred day simple moving average is $4.90. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. Medical Properties Trust, Inc. has a 12 month low of $2.92 and a 12 month high of $6.55. The stock has a market capitalization of $2.60 billion, a PE ratio of -1.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32.

Medical Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust's dividend payout ratio (DPR) is -7.58%.

Wall Street Analysts Forecast Growth

Several research firms recently 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 target price for the company in a research note on Friday, September 13th. 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 report on Friday, September 13th. Finally, Wolfe Research upgraded Medical Properties Trust to a "hold" rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.50.

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.