Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 371,845 shares of the real estate investment trust’s stock after selling 25,581 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Medical Properties Trust were worth $2,175,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC grew its holdings in Medical Properties Trust by 5.6% during the third quarter. Natixis Advisors LLC now owns 80,028 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 4,231 shares during the period. Empowered Funds LLC acquired a new stake in shares of Medical Properties Trust during the 3rd quarter worth approximately $91,000. Metis Global Partners LLC increased its holdings in shares of Medical Properties Trust by 31.3% during the 3rd quarter. Metis Global Partners LLC now owns 61,791 shares of the real estate investment trust’s stock valued at $361,000 after purchasing an additional 14,742 shares in the last quarter. Wealthstream Advisors Inc. acquired a new position in shares of Medical Properties Trust in the 3rd quarter valued at $60,000. Finally, Victory Capital Management Inc. boosted its holdings in Medical Properties Trust by 11.5% during the third quarter. Victory Capital Management Inc. now owns 206,680 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 21,260 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

NYSE MPW opened at $4.48 on Tuesday. 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’s 50 day simple moving average is $5.03 and its 200-day simple moving average is $4.91. The company has a market cap of $2.69 billion, a PE ratio of -1.06, a price-to-earnings-growth ratio of 0.66 and a beta of 1.32. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $6.55.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 7.14%. Medical Properties Trust’s payout ratio is currently -7.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial upped 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 report on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.50.

Insiders Place Their Bets

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

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.