Cetera Investment Advisers Buys 5,874 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Cetera Investment Advisers raised its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,121 shares of the real estate investment trust’s stock after buying an additional 5,874 shares during the period. Cetera Investment Advisers owned about 0.06% of Medical Properties Trust worth $1,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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 last quarter. Goldentree Asset Management LP bought a new position in Medical Properties Trust during the 1st quarter worth $15,966,000. Bank of New York Mellon Corp raised its position in Medical Properties Trust by 22.6% during 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 during the last quarter. Wilsey Asset Management Inc. raised its position in shares of 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 acquiring an additional 936,631 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Medical Properties Trust by 40.6% in the 1st quarter. Principal Financial Group Inc. now owns 3,090,890 shares of the real estate investment trust’s stock worth $14,527,000 after acquiring an additional 891,957 shares in the last quarter. Institutional investors own 71.79% of the company’s stock.

Insider Activity

In related news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction dated 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 transaction, the director now directly owns 54,637 shares of the company’s stock, valued at $239,310.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the sale, the director now owns 68,653 shares in the company, valued at $341,891.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the sale, the director now owns 54,637 shares in the company, valued at approximately $239,310.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,335 shares of company stock valued at $318,825. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Up 3.8 %

MPW opened at $4.70 on Wednesday. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $6.55. The company has a fifty day moving average price of $5.14 and a 200-day moving average price of $4.89. The firm has a market capitalization of $2.82 billion, a P/E ratio of -2.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93.

Medical Properties Trust (NYSE:MPW) last posted its quarterly 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 for the quarter, compared to analyst estimates of $259.53 million. During the same period last year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. Equities research analysts expect that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is -14.41%.

Analysts Set New Price Targets

Several analysts have recently commented on MPW shares. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Truist Financial lifted their target price 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. 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, BNP Paribas cut shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the stock 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 issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.22.

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.