PNC Financial Services Group Inc. Decreases Stake in Medical Properties Trust, Inc. (NYSE:MPW)

PNC Financial Services Group Inc. lessened its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,845 shares of the real estate investment trust’s stock after selling 25,581 shares during the quarter. PNC Financial Services Group Inc. owned about 0.06% of Medical Properties Trust worth $2,175,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MPW. Future Financial Wealth Managment LLC purchased a new position in shares of Medical Properties Trust in the third quarter valued at $29,000. 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 buying an additional 3,145 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Medical Properties Trust by 435.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 6,482 shares in the last quarter. Iron Horse Wealth Management LLC raised 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 buying an additional 5,000 shares in the last quarter. Finally, Wealthstream Advisors Inc. bought a new position in shares of Medical Properties Trust in the 3rd quarter valued at about $60,000. Institutional investors own 71.79% of the company’s stock.

Insider Buying and Selling at Medical Properties Trust

In other news, Director Elizabeth N. Pitman bought 8,087 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 76,740 shares in the company, valued at approximately $461,207.40. The trade was a 11.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction dated 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 directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Trading Up 3.9 %

NYSE MPW opened at $4.48 on Tuesday. The stock has a market cap of $2.69 billion, a PE ratio of -1.06, 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 company’s 50-day moving average price is $5.03 and its 200-day moving average price is $4.91. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Wall Street Analysts Forecast Growth

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

Medical Properties Trust Company 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.