Medical Properties Trust, Inc. (NYSE:MPW) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in Medical Properties Trust, Inc. (NYSE:MPW) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,065 shares of the real estate investment trust’s stock after buying an additional 3,266 shares during the period. CIBC Asset Management Inc’s holdings in Medical Properties Trust were worth $237,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MPW. KG&L Capital Management LLC increased its holdings in Medical Properties Trust by 5.3% during the 3rd quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock valued at $298,000 after acquiring an additional 2,550 shares in the last quarter. Vanderbilt University boosted its holdings in shares of Medical Properties Trust by 7.5% during the fourth quarter. Vanderbilt University now owns 44,813 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 3,117 shares during the last quarter. Commerce Bank raised its stake in Medical Properties Trust by 4.0% during the third quarter. Commerce Bank now owns 89,058 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 3,435 shares during the period. Natixis Advisors LLC raised its stake in Medical Properties Trust by 5.6% during the third quarter. Natixis Advisors LLC now owns 80,028 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 4,231 shares during the period. Finally, Allworth Financial LP raised its stake in Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 4,241 shares during the period. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $4.82 on Wednesday. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55. The business has a 50-day moving average of $4.35 and a 200-day moving average of $4.64. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -1.14, a PEG ratio of 1.01 and a beta of 1.32.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.65%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MPW shares. Mizuho dropped their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Truist Financial dropped their target price on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.92.

Insider Buying and Selling

In related news, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now owns 366,913 shares in the company, valued at approximately $1,364,916.36. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.53% of the company’s stock.

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.