Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,071,962 shares of the real estate investment trust’s stock after selling 4,270 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Medical Properties Trust were worth $6,271,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new position in Medical Properties Trust during the third quarter valued at about $29,000. Truvestments Capital LLC acquired a new stake in Medical Properties Trust in the 3rd quarter valued at about $31,000. Iron Horse Wealth Management LLC boosted its position in shares of Medical Properties Trust by 166.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 5,000 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Medical Properties Trust by 107.3% in the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,145 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Medical Properties Trust in the 2nd quarter worth approximately $46,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

Shares of MPW stock opened at $3.99 on Friday. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -0.94, a P/E/G ratio of 0.64 and a beta of 1.29. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $6.55. 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 stock’s fifty day simple moving average is $4.53 and its 200-day simple moving average is $4.81.

Medical Properties Trust Dividend Announcement

The firm also recently announced 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 8.03%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Insider Activity

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

Analyst Ratings Changes

MPW has been the subject of a number of research reports. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price for the company in a report on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Truist Financial upped their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Finally, Mizuho dropped their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.25.

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.