Connor Clark & Lunn Investment Management Ltd. Invests $283,000 in Medical Properties Trust, Inc. (NYSE:MPW)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Medical Properties Trust, Inc. (NYSE:MPW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 48,349 shares of the real estate investment trust’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its position in shares of Medical Properties Trust by 27.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock valued at $3,030,000 after acquiring an additional 112,721 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Medical Properties Trust by 22.1% in the second quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock valued at $3,418,000 after purchasing an additional 143,309 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Medical Properties Trust by 378.4% in the third quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after buying an additional 700,783 shares during the period. Algert Global LLC boosted its holdings in Medical Properties Trust by 91.5% during the second quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 87,881 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Medical Properties Trust by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock worth $37,168,000 after buying an additional 328,184 shares during the period. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Stock Performance

Shares of MPW opened at $4.39 on Monday. The firm has a market cap of $2.64 billion, a P/E ratio of -1.04, a PEG ratio of 0.68 and a beta of 1.32. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The firm’s 50 day moving average price is $4.86 and its two-hundred day moving average price is $4.87.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 7.29%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio is -7.58%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. 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. Finally, Truist Financial boosted their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.58.

Insider Transactions at Medical Properties Trust

In other news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction 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 sale, the director now owns 221,245 shares of the company’s stock, valued at $1,207,997.70. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, with a total value of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. This represents a 11.78 % increase in their position. The disclosure for this purchase can be found here. 1.53% of the stock is owned by 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.