Steward Partners Investment Advisory LLC Sells 3,583 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Steward Partners Investment Advisory LLC lessened its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,037 shares of the real estate investment trust’s stock after selling 3,583 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Medical Properties Trust were worth $87,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new stake in shares of Medical Properties Trust during the third quarter worth approximately $927,000. JPMorgan Chase & Co. increased its holdings in shares of Medical Properties Trust by 21.7% in the third quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust’s stock valued at $9,973,000 after purchasing an additional 303,628 shares in the last quarter. Versor Investments LP boosted its stake in Medical Properties Trust by 192.3% in the fourth quarter. Versor Investments LP now owns 285,000 shares of the real estate investment trust’s stock valued at $1,126,000 after acquiring an additional 187,500 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Medical Properties Trust by 506.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 63,207 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 52,790 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Medical Properties Trust by 353.5% in the third 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 valued at $20,625,000 after acquiring an additional 2,748,245 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Up 2.8 %

Medical Properties Trust stock opened at $6.04 on Tuesday. The firm has a market capitalization of $3.62 billion, a PE ratio of -1.43, a P/E/G ratio of 1.01 and a beta of 1.32. The company’s 50-day moving average is $4.83 and its 200-day moving average is $4.74. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.32 annualized dividend and a dividend yield of 5.30%. Medical Properties Trust’s dividend payout ratio is presently -8.42%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $5.00 to $9.00 in a research note on Wednesday, March 12th. Royal Bank of Canada lifted their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research report on Monday, March 10th. Wells Fargo & Company raised their price objective on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Truist Financial dropped their price objective 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, December 19th. Finally, StockNews.com upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.64.

Insider Transactions at Medical Properties Trust

In related news, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.53% of the stock is owned by company insiders.

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.