Medical Properties Trust, Inc. (NYSE:MPW) SVP Sells $11,010.00 in Stock

Medical Properties Trust, Inc. (NYSE:MPW) SVP Rosa Handley Hooper sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $3.67, for a total value of $11,010.00. Following the completion of the transaction, the senior vice president now directly owns 356,600 shares in the company, valued at $1,308,722. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Medical Properties Trust Price Performance

Shares of NYSE MPW traded down $0.01 during midday trading on Thursday, reaching $3.76. The stock had a trading volume of 11,073,962 shares, compared to its average volume of 16,346,901. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55. The stock has a 50-day moving average of $4.34 and a 200-day moving average of $4.73. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -0.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 8.51%. Medical Properties Trust’s dividend payout ratio is presently -7.58%.

Hedge Funds Weigh In On Medical Properties Trust

Several large investors have recently made changes to their positions in MPW. JPMorgan Chase & Co. raised its stake in Medical Properties Trust by 21.7% during the 3rd 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 during the period. Sanctuary Advisors LLC grew its holdings in Medical Properties Trust by 172.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 33,758 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 21,379 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Medical Properties Trust during the 3rd quarter valued at approximately $82,000. Sunbelt Securities Inc. raised its position in shares of Medical Properties Trust by 1.4% during the third quarter. Sunbelt Securities Inc. now owns 411,942 shares of the real estate investment trust’s stock valued at $2,410,000 after buying an additional 5,705 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Medical Properties Trust by 15.5% in the third quarter. M&T Bank Corp now owns 332,921 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 44,597 shares in the last quarter. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, September 13th. Mizuho decreased their price target 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. Truist Financial cut their price objective on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Finally, Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.92.

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.