Geode Capital Management LLC Has $62.52 Million Position in Medical Properties Trust, Inc. (NYSE:MPW)

Geode Capital Management LLC trimmed its position in Medical Properties Trust, Inc. (NYSE:MPW) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,683,618 shares of the real estate investment trust’s stock after selling 95,210 shares during the quarter. Geode Capital Management LLC owned 1.78% of Medical Properties Trust worth $62,515,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MPW. Future Financial Wealth Managment LLC acquired a new position in shares of Medical Properties Trust in the third quarter valued at about $29,000. Truvestments Capital LLC acquired a new position in shares of Medical Properties Trust during the 3rd quarter worth approximately $31,000. GAMMA Investing LLC increased its holdings in shares of 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 worth $36,000 after purchasing an additional 3,145 shares during the period. Wealthstream Advisors Inc. acquired a new stake in shares of Medical Properties Trust in the third quarter valued at approximately $60,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Medical Properties Trust in the third quarter valued at approximately $61,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Trading Up 2.7 %

MPW opened at $3.86 on Friday. The company has a market cap of $2.32 billion, a P/E ratio of -0.91, a PEG ratio of 0.62 and a beta of 1.29. 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 company’s 50 day moving average is $4.39 and its 200-day moving average is $4.76. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $6.55.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 annualized dividend and a yield of 8.29%. Medical Properties Trust’s dividend payout ratio is presently -7.58%.

Insider Activity

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the company’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 value of $178,978.80. Following the completion of the transaction, the director now directly owns 221,245 shares in the company, valued at approximately $1,207,997.70. This represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.53% of the company’s stock.

Analyst Ratings Changes

MPW has been the subject of several analyst reports. Mizuho dropped their price objective on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday, September 13th. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, 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. One research analyst has 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.92.

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.