Creative Planning Sells 148,037 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Creative Planning cut its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 45.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,256 shares of the real estate investment trust’s stock after selling 148,037 shares during the period. Creative Planning’s holdings in Medical Properties Trust were worth $1,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPW. Vanguard Group Inc. boosted its stake in shares of Medical Properties Trust by 8.2% during 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 in the last quarter. Goldentree Asset Management LP acquired a new stake in Medical Properties Trust in the first quarter valued at approximately $15,966,000. Bank of New York Mellon Corp boosted its stake in Medical Properties Trust by 22.6% in the second 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 in the last quarter. Wilsey Asset Management Inc. boosted its stake in Medical Properties Trust by 27.2% in the second quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock valued at $18,861,000 after acquiring an additional 936,631 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Medical Properties Trust by 181.1% in the first quarter. Advisors Asset Management Inc. now owns 854,141 shares of the real estate investment trust’s stock valued at $4,014,000 after acquiring an additional 550,325 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction 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 owns 54,637 shares of the company’s stock, valued at $239,310.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Elizabeth N. Pitman acquired 8,087 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the acquisition, the director now owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 63,335 shares of company stock valued at $318,825 over the last 90 days. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Trading Down 1.5 %

NYSE MPW opened at $4.64 on Friday. The company has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $4.93. The stock has a market cap of $2.78 billion, a P/E ratio of -1.73, a P/E/G ratio of 0.68 and a beta of 1.29. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51.

Medical Properties Trust (NYSE:MPW) last issued 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 company had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. During the same period in the previous year, the business posted $0.48 earnings per share. Medical Properties Trust’s revenue was down 21.0% compared to the same quarter last year. On average, analysts forecast that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.32 annualized dividend and a dividend yield of 6.90%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -11.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MPW shares. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Truist Financial raised their target price on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note 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 for the company in a research note on Friday, September 13th. Two investment 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. According to data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Hold” and an average price target of $5.38.

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.