Y Intercept Hong Kong Ltd Takes $61,000 Position in Medical Properties Trust, Inc. (NYSE:MPW)

Y Intercept Hong Kong Ltd bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,417 shares of the real estate investment trust’s stock, valued at approximately $61,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in Medical Properties Trust during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in shares of Medical Properties Trust during the third quarter worth $31,000. GAMMA Investing LLC lifted its position in Medical Properties Trust by 107.3% during the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,145 shares during the period. Wealthstream Advisors Inc. purchased a new stake in Medical Properties Trust in the third quarter valued at $60,000. Finally, Townsquare Capital LLC acquired a new stake in Medical Properties Trust during the 3rd quarter worth about $62,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Trading Down 4.1 %

Shares of NYSE:MPW opened at $3.76 on Friday. The business’s 50 day moving average price is $4.41 and its 200-day moving average price is $4.78. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -0.89, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 8.51%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MPW. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Mizuho lowered their price objective on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. 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 report on Friday, September 13th. Finally, Truist Financial lowered their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.92.

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 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 directly owns 221,245 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.53% of the company’s stock.

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.