Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by State Street Corp

State Street Corp decreased its holdings in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,136,281 shares of the real estate investment trust's stock after selling 271,092 shares during the quarter. State Street Corp owned 5.35% of Medical Properties Trust worth $190,588,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Medical Properties Trust during the 3rd quarter worth about $29,000. Truvestments Capital LLC bought a new stake in Medical Properties Trust during the 3rd quarter worth about $31,000. Iron Horse Wealth Management LLC grew 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 acquiring an additional 5,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 3,145 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in Medical Properties Trust during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 71.79% of the company's stock.

Insider Buying and Selling

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction 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 trade represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the purchase, the director now directly 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 disclosure for this purchase can be found here. 1.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MPW. Wolfe Research raised shares of Medical Properties Trust to a "hold" rating in a research note on Monday, September 23rd. Mizuho cut their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. 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. Finally, Colliers Securities upgraded 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 report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.25.

Medical Properties Trust Price Performance

MPW stock traded down $0.10 during trading on Friday, reaching $3.94. The stock had a trading volume of 7,450,964 shares, compared to its average volume of 16,363,906. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. The stock's 50 day moving average is $4.56 and its two-hundred day moving average is $4.82. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.12%. Medical Properties Trust's dividend payout ratio is presently -7.58%.

About Medical Properties Trust

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.