Ballentine Partners LLC Reduces Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Ballentine Partners LLC lessened its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,765 shares of the real estate investment trust’s stock after selling 7,282 shares during the quarter. Ballentine Partners LLC’s holdings in Medical Properties Trust were worth $145,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Medical Properties Trust by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock worth $37,168,000 after acquiring an additional 328,184 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Medical Properties Trust by 29.4% in the second quarter. AE Wealth Management LLC now owns 20,174 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 4,589 shares during the period. Thrivent Financial for Lutherans increased its position in 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 last quarter. Ensign Peak Advisors Inc raised its stake in Medical Properties Trust by 10.6% during the second quarter. Ensign Peak Advisors Inc now owns 233,031 shares of the real estate investment trust’s stock worth $1,004,000 after purchasing an additional 22,400 shares during the period. Finally, Algert Global LLC boosted its holdings in Medical Properties Trust by 91.5% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analysts Set New Price Targets

MPW has been the subject of a number of recent analyst reports. Mizuho cut their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Truist Financial cut their target price on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.92.

Insider Transactions at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the transaction, the chief accounting officer now owns 366,913 shares of the company’s stock, valued at approximately $1,364,916.36. This trade represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Performance

Shares of MPW stock opened at $4.69 on Monday. 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 firm has a market cap of $2.82 billion, a P/E ratio of -1.11, a P/E/G ratio of 0.80 and a beta of 1.29. The firm’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.65. Medical Properties Trust, Inc. has a one year low of $3.08 and a one year high of $6.55.

Medical Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date was Thursday, December 12th. Medical Properties Trust’s dividend payout ratio (DPR) is -7.58%.

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.