Pathstone Holdings LLC Decreases Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Pathstone Holdings LLC lessened its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 35.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 268,709 shares of the real estate investment trust’s stock after selling 146,113 shares during the quarter. Pathstone Holdings LLC’s holdings in Medical Properties Trust were worth $1,573,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Wolverine Asset Management LLC boosted its holdings in shares of Medical Properties Trust by 27.8% during the third quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock worth $3,030,000 after purchasing an additional 112,721 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Medical Properties Trust by 22.1% during the second quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock worth $3,418,000 after purchasing an additional 143,309 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Medical Properties Trust by 378.4% in the third quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock worth $5,183,000 after buying an additional 700,783 shares during the period. Algert Global LLC raised its stake in shares of 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 valued at $793,000 after purchasing an additional 87,881 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Medical Properties Trust by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock valued at $37,168,000 after purchasing an additional 328,184 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Price Performance

NYSE MPW opened at $4.33 on Thursday. The stock’s 50-day moving average price is $4.95 and its two-hundred day moving average price is $4.90. The company has a market cap of $2.60 billion, a PE ratio of -1.01, a PEG ratio of 0.69 and a beta of 1.32. 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, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.40%. Medical Properties Trust’s payout ratio is currently -7.58%.

Analyst Ratings Changes

MPW has been the subject of several research analyst reports. Colliers Securities raised 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 research report on Friday, September 13th. Truist Financial raised their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Finally, Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Medical Properties Trust currently has an average rating of “Hold” and a consensus price target of $5.50.

Insider Buying and Selling at Medical Properties Trust

In other Medical Properties Trust news, Director Elizabeth N. Pitman acquired 8,087 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares in the company, valued at $461,207.40. The trade was a 11.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the completion of the sale, the director now owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.