Allworth Financial LP Raises Position in Medical Properties Trust, Inc. (NYSE:MPW)

Allworth Financial LP lifted its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 230.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,082 shares of the real estate investment trust’s stock after buying an additional 4,241 shares during the period. Allworth Financial LP’s holdings in Medical Properties Trust were worth $26,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Rhumbline Advisers boosted its position in shares of Medical Properties Trust by 0.5% in the fourth quarter. Rhumbline Advisers now owns 1,302,206 shares of the real estate investment trust’s stock worth $5,144,000 after buying an additional 5,887 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Medical Properties Trust by 4.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 889,244 shares of the real estate investment trust’s stock worth $3,317,000 after buying an additional 36,516 shares during the period. Wilsey Asset Management Inc. boosted its position in shares of Medical Properties Trust by 8.5% in the fourth quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust’s stock worth $18,379,000 after buying an additional 362,582 shares during the period. Forbes J M & Co. LLP purchased a new stake in shares of Medical Properties Trust in the fourth quarter worth about $57,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Medical Properties Trust in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MPW. Mizuho decreased their target price on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Truist Financial cut their price target on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.92.

Insider Buying and Selling at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following the completion of the transaction, the chief accounting officer now directly owns 366,913 shares of the company’s stock, valued at approximately $1,364,916.36. This represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.53% of the stock is currently owned by insiders.

Medical Properties Trust Trading Down 0.7 %

Shares of NYSE MPW opened at $4.78 on Thursday. The stock’s 50 day moving average price is $4.37 and its two-hundred day moving average price is $4.64. Medical Properties Trust, Inc. has a 52-week low of $3.51 and a 52-week high of $6.55. The stock has a market capitalization of $2.87 billion, a P/E ratio of -1.13, a PEG ratio of 1.01 and a beta of 1.32. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.70%. The ex-dividend date is Monday, March 10th. Medical Properties Trust’s payout ratio is currently -7.58%.

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.