Penserra Capital Management LLC Raises Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Penserra Capital Management LLC grew its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 23.0% in the third quarter, Holdings Channel reports. The institutional investor owned 194,127 shares of the real estate investment trust’s stock after acquiring an additional 36,270 shares during the quarter. Penserra Capital Management LLC’s holdings in Medical Properties Trust were worth $1,135,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Goldentree Asset Management LP acquired a new stake in Medical Properties Trust in the 1st quarter valued at $15,966,000. Bank of New York Mellon Corp grew its position in shares of Medical Properties Trust by 22.6% in the second quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock valued at $29,775,000 after purchasing an additional 1,274,481 shares during the period. Wilsey Asset Management Inc. increased its stake in shares of Medical Properties Trust by 27.2% during the second quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock worth $18,861,000 after purchasing an additional 936,631 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Medical Properties Trust by 378.4% during the 3rd quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock worth $5,183,000 after purchasing an additional 700,783 shares during the last quarter. Finally, APG Asset Management US Inc. purchased a new position in Medical Properties Trust in the 2nd quarter valued at about $2,045,000. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Stock Down 4.7 %

Shares of NYSE:MPW opened at $4.27 on Wednesday. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $6.55. The stock has a market cap of $2.56 billion, a P/E ratio of -1.01, a PEG ratio of 0.66 and a beta of 1.32. The business has a fifty day moving average of $4.99 and a two-hundred day moving average of $4.90. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 7.49%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s payout ratio is currently -7.58%.

Insiders Place Their Bets

In related news, Director Elizabeth N. Pitman acquired 8,087 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the acquisition, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This represents a 11.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the transaction, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Truist Financial increased their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Finally, Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.50.

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.