Victory Capital Management Inc. Buys 21,260 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Victory Capital Management Inc. increased its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,680 shares of the real estate investment trust’s stock after buying an additional 21,260 shares during the quarter. Victory Capital Management Inc.’s holdings in Medical Properties Trust were worth $1,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Medical Properties Trust by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock worth $37,168,000 after purchasing an additional 328,184 shares during the period. Bank of New York Mellon Corp grew its stake in Medical Properties Trust by 22.6% during 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 acquiring an additional 1,274,481 shares in the last quarter. Wilsey Asset Management Inc. increased its holdings in Medical Properties Trust by 27.2% during the 2nd quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock worth $18,861,000 after acquiring an additional 936,631 shares during the period. Goldentree Asset Management LP purchased a new stake in Medical Properties Trust in the 1st quarter worth approximately $15,966,000. Finally, Public Sector Pension Investment Board boosted its holdings in Medical Properties Trust by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,320,781 shares of the real estate investment trust’s stock valued at $5,693,000 after purchasing an additional 93,021 shares during the period. 71.79% of the stock is owned by hedge funds and other institutional investors.

Medical Properties Trust Stock Performance

Shares of NYSE MPW opened at $4.27 on Wednesday. The company has a market cap of $2.56 billion, a P/E ratio of -1.01, a P/E/G ratio of 0.66 and a beta of 1.32. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $6.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The firm’s fifty day moving average is $4.99 and its two-hundred day moving average is $4.90.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.32 annualized dividend and a yield of 7.49%. Medical Properties Trust’s payout ratio is currently -7.58%.

Insider Buying and Selling at Medical Properties Trust

In other news, Director Elizabeth N. Pitman purchased 8,087 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $6.01 per share, with a total value of $48,602.87. Following the purchase, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This trade represents a 11.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the sale, the director now owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial lifted their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Friday, September 13th. Finally, Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Medical Properties Trust has a consensus rating of “Hold” and an average target price of $5.50.

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.