Empowered Funds LLC Acquires Shares of 15,540 Medical Properties Trust, Inc. (NYSE:MPW)

Empowered Funds LLC bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,540 shares of the real estate investment trust’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new position in Medical Properties Trust during the 3rd quarter worth $29,000. Versant Capital Management Inc increased its stake in shares of Medical Properties Trust by 435.0% during the second quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 6,482 shares during the period. Iron Horse Wealth Management LLC raised its holdings in shares of Medical Properties Trust by 166.7% in the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 5,000 shares in the last quarter. GAMMA Investing LLC lifted its stake in Medical Properties Trust by 107.3% in the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,145 shares during the period. Finally, Gateway Investment Advisers LLC purchased a new stake in Medical Properties Trust in the second quarter worth about $45,000. Institutional investors own 71.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, September 13th. Finally, Truist Financial upped their target price on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Medical Properties Trust presently has an average rating of “Hold” and an average price target of $5.50.

Insiders Place Their Bets

In related news, Director Elizabeth N. Pitman acquired 8,087 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $6.01 per share, with a total value of $48,602.87. Following the completion of the acquisition, the director now directly owns 76,740 shares of the company’s stock, valued at $461,207.40. This represents a 11.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the transaction, the director now directly owns 221,245 shares in the company, valued at approximately $1,207,997.70. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Performance

Shares of MPW stock opened at $4.27 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The company has a market cap of $2.56 billion, a PE ratio of -1.01, a PEG ratio of 0.66 and a beta of 1.32. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55. The business’s fifty day simple moving average is $4.99 and its 200-day simple moving average is $4.90.

Medical Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

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.