Medical Properties Trust, Inc. (NYSE:MPW) Stock Holdings Cut by Franklin Resources Inc.

Franklin Resources Inc. cut its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 78.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,377 shares of the real estate investment trust’s stock after selling 73,367 shares during the quarter. Franklin Resources Inc.’s holdings in Medical Properties Trust were worth $119,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MPW. Quadrature Capital Ltd acquired a new position in Medical Properties Trust in the third quarter worth approximately $927,000. Wolverine Asset Management LLC boosted its stake in shares of Medical Properties Trust by 27.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock worth $3,030,000 after acquiring an additional 112,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Medical Properties Trust by 353.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust’s stock worth $20,625,000 after acquiring an additional 2,748,245 shares during the last quarter. Thrivent Financial for Lutherans raised its position 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 during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Medical Properties Trust during the third quarter valued at $883,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction 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 owns 221,245 shares in the company, valued at $1,207,997.70. This represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total transaction of $43,304.52. Following the completion of the sale, the chief accounting officer now directly owns 366,913 shares of the company’s stock, valued at approximately $1,364,916.36. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,421 shares of company stock worth $233,293. Corporate insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Performance

Shares of MPW opened at $4.02 on Friday. The company has a market capitalization of $2.41 billion, a PE ratio of -0.95, a PEG ratio of 0.62 and a beta of 1.29. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The company’s 50 day moving average price is $4.23 and its 200 day moving average price is $4.68. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Friday, September 13th. Truist Financial dropped their target price on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, Mizuho lowered their price objective on shares of 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. One research analyst has 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.92.

About Medical Properties Trust

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.