Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,420 shares of the real estate investment trust’s stock after selling 15,282 shares during the quarter. Victory Capital Management Inc.’s holdings in Medical Properties Trust were worth $799,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Medical Properties Trust by 8.2% in the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after acquiring an additional 7,084,981 shares during the period. Norges Bank acquired a new stake in Medical Properties Trust in the fourth quarter valued at $25,655,000. Goldentree Asset Management LP acquired a new stake in Medical Properties Trust in the first quarter valued at $15,966,000. Wilsey Asset Management Inc. increased its position in shares of Medical Properties Trust by 90.9% in the first quarter. Wilsey Asset Management Inc. now owns 3,439,549 shares of the real estate investment trust’s stock valued at $16,166,000 after buying an additional 1,637,720 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Medical Properties Trust by 22.6% in the second quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock valued at $29,775,000 after buying an additional 1,274,481 shares in the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Elizabeth N. Pitman acquired 8,087 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the acquisition, the director now owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MPW shares. Truist Financial lifted their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Friday, September 13th. Finally, BNP Paribas downgraded Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $6.00 to $4.00 in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.22.

Medical Properties Trust Trading Down 0.2 %

Shares of Medical Properties Trust stock opened at $5.76 on Friday. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -2.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $4.93 and a 200-day simple moving average of $4.74.

Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.75). The firm had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. During the same period last year, the company posted $0.48 earnings per share. The firm’s revenue was down 21.0% compared to the same quarter last year. On average, equities analysts forecast that Medical Properties Trust, Inc. will post 0.89 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 9th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio is -14.41%.

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.