JPMorgan Chase & Co. Increases Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

JPMorgan Chase & Co. raised its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 21.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,704,785 shares of the real estate investment trust’s stock after purchasing an additional 303,628 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Medical Properties Trust worth $9,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Medical Properties Trust during the 3rd quarter worth $29,000. Truvestments Capital LLC bought a new stake in Medical Properties Trust during the third quarter worth about $31,000. GAMMA Investing LLC boosted its holdings in shares of Medical Properties Trust by 107.3% in the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,145 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of Medical Properties Trust during the 2nd quarter valued at about $47,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Medical Properties Trust during the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Down 1.5 %

Shares of NYSE MPW opened at $3.85 on Monday. The firm’s fifty day moving average is $4.15 and its 200 day moving average is $4.65. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -0.91, a PEG ratio of 0.62 and a beta of 1.29.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date of this dividend was Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Insider Activity

In related news, CAO James Kevin Hanna sold 11,641 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now owns 366,913 shares of the company’s stock, valued at $1,364,916.36. This trade represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MPW. Mizuho reduced their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Truist Financial cut their price objective on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Finally, Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.92.

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.