Medical Properties Trust, Inc. (NYSE:MPW – Get Free Report) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.92.
A number of equities research analysts have commented on the company. Truist Financial reduced their target price on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Mizuho decreased their price objective on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th.
View Our Latest Stock Analysis on MPW
Medical Properties Trust Stock Down 1.5 %
Medical Properties Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were issued a $0.08 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 7.30%. Medical Properties Trust’s dividend payout ratio is currently -7.58%.
Insider Transactions at Medical Properties Trust
In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the stock in a transaction on Thursday, December 26th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.53% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Algert Global LLC raised its stake in Medical Properties Trust by 91.5% during the second quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock worth $793,000 after acquiring an additional 87,881 shares during the period. Creative Planning grew its holdings in shares of Medical Properties Trust by 42.6% during the second quarter. Creative Planning now owns 326,293 shares of the real estate investment trust’s stock valued at $1,406,000 after purchasing an additional 97,546 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Medical Properties Trust by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 353,121 shares of the real estate investment trust’s stock worth $1,522,000 after purchasing an additional 5,874 shares during the period. KPP Advisory Services LLC lifted its holdings in shares of Medical Properties Trust by 20.7% in the 2nd quarter. KPP Advisory Services LLC now owns 95,041 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 16,280 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Medical Properties Trust during the 2nd quarter valued at approximately $56,000. Institutional investors and hedge funds own 71.79% of the company’s stock.
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.
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