Rhumbline Advisers Boosts Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Rhumbline Advisers increased its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,302,206 shares of the real estate investment trust’s stock after purchasing an additional 5,887 shares during the period. Rhumbline Advisers owned approximately 0.22% of Medical Properties Trust worth $5,144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Silver Point Capital L.P. grew its position in shares of Medical Properties Trust by 155.3% in the 3rd quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust’s stock worth $35,100,000 after buying an additional 3,650,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Medical Properties Trust by 353.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust’s stock valued at $20,625,000 after acquiring an additional 2,748,245 shares during the last quarter. SG Americas Securities LLC raised its holdings in Medical Properties Trust by 435.5% in the 4th quarter. SG Americas Securities LLC now owns 923,756 shares of the real estate investment trust’s stock worth $3,649,000 after purchasing an additional 751,256 shares during the period. International Assets Investment Management LLC raised its position in shares of Medical Properties Trust by 378.4% during the 3rd 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 purchasing an additional 700,783 shares during the period. Finally, Wilsey Asset Management Inc. boosted its stake in Medical Properties Trust by 8.5% in the 4th quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust’s stock worth $18,379,000 after purchasing an additional 362,582 shares during the period. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

NYSE MPW opened at $5.58 on Friday. The stock has a 50-day moving average of $4.37 and a 200 day moving average of $4.64. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of -1.32, a PEG ratio of 1.01 and a beta of 1.32. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

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 issued a $0.08 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.32 dividend on an annualized basis and a yield of 5.74%. Medical Properties Trust’s payout ratio is currently -7.58%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial reduced their price objective on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Mizuho lowered their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.92.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 366,913 shares in the company, valued at $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 is available at the SEC website. Insiders own 1.53% of the company’s stock.

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.