Bank of New York Mellon Corp Sells 156,880 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Bank of New York Mellon Corp reduced its position in Medical Properties Trust, Inc. (NYSE:MPW) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,468,218 shares of the real estate investment trust’s stock after selling 156,880 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.24% of Medical Properties Trust worth $29,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of Medical Properties Trust in the third quarter valued at $927,000. JPMorgan Chase & Co. lifted its holdings in shares of Medical Properties Trust by 21.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust’s stock valued at $9,973,000 after purchasing an additional 303,628 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Medical Properties Trust by 506.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 63,207 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 52,790 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings 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 purchasing an additional 112,721 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Medical Properties Trust by 353.5% in the 3rd 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 in the last quarter. 71.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPW has been the subject of a number of recent research reports. StockNews.com raised Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Truist Financial dropped 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. Finally, Mizuho lowered their price objective on 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. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.92.

Medical Properties Trust Stock Performance

NYSE:MPW opened at $6.01 on Friday. The stock’s 50-day simple moving average is $4.64 and its 200 day simple moving average is $4.70. The firm has a market capitalization of $3.61 billion, a PE ratio of -1.42, a price-to-earnings-growth 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, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be given a $0.08 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.32 annualized dividend and a yield of 5.33%. Medical Properties Trust’s dividend payout ratio is presently -8.42%.

Insider Transactions at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of the firm’s stock in a transaction dated 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 in the company, 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 Securities & Exchange Commission, which is available through the SEC website. 1.53% of the stock is owned by corporate 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.