State Street Corp Sells 271,092 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

State Street Corp lowered its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,136,281 shares of the real estate investment trust’s stock after selling 271,092 shares during the quarter. State Street Corp owned about 5.35% of Medical Properties Trust worth $190,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in Medical Properties Trust in the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in shares of Medical Properties Trust during the 3rd quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its holdings in Medical Properties Trust by 166.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 5,000 shares during the period. GAMMA Investing LLC lifted its stake in Medical Properties Trust by 107.3% in the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,145 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Medical Properties Trust in the second quarter valued at approximately $46,000. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $4.05 on Friday. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The business has a fifty day moving average price of $4.56 and a two-hundred day moving average price of $4.82. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market capitalization of $2.43 billion, a PE ratio of -0.96, a P/E/G ratio of 0.64 and a beta of 1.29.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 7.91%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -7.58%.

Wall Street Analysts Forecast Growth

MPW has been the topic of a number of recent research reports. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Truist Financial increased their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 13th. Colliers Securities upgraded 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. Finally, Mizuho dropped their price objective on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.25.

Insiders Place Their Bets

In other news, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction 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 sale, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, with a total value of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This represents a 11.78 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.53% of the company’s stock.

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.