Medical Properties Trust, Inc. (NYSE:MPW) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 91.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,881 shares of the real estate investment trust’s stock after buying an additional 87,881 shares during the quarter. Algert Global LLC’s holdings in Medical Properties Trust were worth $793,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Medical Properties Trust by 8.2% in the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after purchasing an additional 7,084,981 shares during the period. Goldentree Asset Management LP acquired a new stake in Medical Properties Trust during the first quarter worth $15,966,000. Wilsey Asset Management Inc. raised its holdings in Medical Properties Trust by 90.9% in the 1st quarter. Wilsey Asset Management Inc. now owns 3,439,549 shares of the real estate investment trust’s stock valued at $16,166,000 after buying an additional 1,637,720 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 valued at $29,775,000 after acquiring an additional 1,274,481 shares during the period. Finally, Coatue Management LLC raised its position in Medical Properties Trust by 18.5% in the fourth quarter. Coatue Management LLC now owns 6,806,501 shares of the real estate investment trust’s stock valued at $33,420,000 after purchasing an additional 1,060,830 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Wall Street Analyst Weigh In

MPW has been the topic of a number of research reports. BNP Paribas lowered shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $6.00 to $4.00 in a report on Tuesday, July 2nd. Truist Financial boosted their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, September 13th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Hold” and an average target price of $5.22.

Medical Properties Trust Price Performance

Medical Properties Trust stock opened at $5.72 on Friday. The company has a market cap of $3.43 billion, a P/E ratio of -2.58, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $6.55. The business has a fifty day moving average of $5.11 and a two-hundred day moving average of $4.85. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.93 and a current ratio of 2.93.

Medical Properties Trust (NYSE:MPW) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $259.53 million. During the same quarter last year, the firm posted $0.48 EPS. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. As a group, analysts predict that Medical Properties Trust, Inc. will post 0.87 earnings per share for the current fiscal 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 issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -14.41%.

Insider Buying and Selling

In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was acquired 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 of the company’s stock, valued at $461,207.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares of the company’s stock, valued at $239,310.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.