Sanctuary Advisors LLC Acquires Shares of 12,379 Medical Properties Trust, Inc. (NYSE:MPW)

Sanctuary Advisors LLC acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPW) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,379 shares of the real estate investment trust’s stock, valued at approximately $56,000.

A number of other hedge funds have also recently added to or reduced their stakes in MPW. Versant Capital Management Inc grew its position in shares of Medical Properties Trust by 435.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 6,482 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Medical Properties Trust in the first quarter worth about $38,000. Iron Horse Wealth Management LLC boosted its holdings in Medical Properties Trust by 166.7% in 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 buying an additional 5,000 shares during the period. Fidelis Capital Partners LLC bought a new stake in Medical Properties Trust during the 1st quarter worth approximately $43,000. Finally, Gateway Investment Advisers LLC bought a new stake in Medical Properties Trust during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Activity

In related news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the sale, the director now directly owns 221,245 shares in the company, valued at $1,207,997.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other 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 transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total transaction of $178,978.80. Following the transaction, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,335 shares of company stock worth $318,825. Corporate insiders own 1.53% of the company’s stock.

Medical Properties Trust Trading Down 5.0 %

Shares of MPW opened at $4.74 on Tuesday. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55. The company has a market cap of $2.84 billion, a P/E ratio of -2.14, a P/E/G ratio of 0.76 and a beta of 1.29. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $5.15 and its 200-day simple moving average is $4.90.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.75). The company had revenue of $266.60 million for the quarter, compared to the consensus estimate of $259.53 million. Medical Properties Trust’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, analysts expect that Medical Properties Trust, Inc. will post 0.85 EPS for the current year.

Medical Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio is currently -14.41%.

Wall Street Analyst Weigh In

MPW has been the subject of several analyst reports. Colliers Securities upgraded 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. BNP Paribas cut shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $4.00 in a report on Tuesday, July 2nd. Truist Financial increased their price target 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. Finally, Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.38.

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.