Thrivent Financial for Lutherans Purchases 143,309 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Thrivent Financial for Lutherans boosted its position in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 22.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793,003 shares of the real estate investment trust's stock after buying an additional 143,309 shares during the period. Thrivent Financial for Lutherans owned approximately 0.13% of Medical Properties Trust worth $3,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in Medical Properties Trust by 112.1% during the 1st quarter. Lindbrook Capital LLC now owns 7,225 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 3,819 shares in the last quarter. Versant Capital Management Inc increased its holdings in Medical Properties Trust by 435.0% during the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 6,482 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in Medical Properties Trust by 166.7% during 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 purchasing an additional 5,000 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Medical Properties Trust during the 1st quarter worth approximately $38,000. Finally, Fidelis Capital Partners LLC bought a new stake in Medical Properties Trust during the 1st quarter worth approximately $43,000. 71.79% of the stock is owned by institutional investors.

Medical Properties Trust Stock Performance

Medical Properties Trust stock traded up $0.05 during trading on Friday, hitting $5.95. The stock had a trading volume of 6,178,505 shares, compared to its average volume of 17,952,646. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The stock's 50 day moving average is $5.04 and its two-hundred day moving average is $4.80. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.28.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its earnings results 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 business had revenue of $266.60 million during the quarter, compared to analysts' expectations of $259.53 million. Medical Properties Trust's quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, analysts predict that Medical Properties Trust, Inc. will post 0.87 EPS for the current year.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.32 annualized dividend and a dividend yield of 5.38%. Medical Properties Trust's dividend payout ratio is currently -14.41%.

Insiders Place Their Bets

In related news, Director Elizabeth N. Pitman bought 8,087 shares of the company's stock in a transaction on 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 completion of the transaction, the director now directly owns 76,740 shares in the company, valued at approximately $461,207.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Medical Properties Trust news, Director Elizabeth N. Pitman acquired 8,087 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares of the company's stock, valued at approximately $461,207.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the sale, the director now owns 54,637 shares in the company, valued at approximately $239,310.06. The disclosure for this sale can be found here. Company insiders own 1.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MPW shares. Truist Financial upped their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a "hold" rating in a report on Friday, September 13th. Colliers Securities raised Medical Properties Trust from a "neutral" rating to a "buy" rating and set a $6.50 target price for the company in a report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a "hold" rating in a report on Monday, September 23rd. Finally, BNP Paribas lowered Medical Properties Trust from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $6.00 to $4.00 in a report on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.22.

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.