Pathstone Holdings LLC Sells 146,113 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Pathstone Holdings LLC trimmed its position in Medical Properties Trust, Inc. (NYSE:MPW) by 35.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,709 shares of the real estate investment trust’s stock after selling 146,113 shares during the quarter. Pathstone Holdings LLC’s holdings in Medical Properties Trust were worth $1,573,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Ables Iannone Moore & Associates Inc. grew its stake in Medical Properties Trust by 3.4% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 58,707 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 1,939 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Medical Properties Trust by 0.6% during the second quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock worth $1,746,000 after purchasing an additional 2,246 shares in the last quarter. KG&L Capital Management LLC raised its position in shares of Medical Properties Trust by 5.3% during the third quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 2,550 shares during the period. Keynote Financial Services LLC raised its holdings in shares of Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 2,715 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Medical Properties Trust by 1.9% during the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock worth $723,000 after buying an additional 3,103 shares during the period. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Trading Up 1.5 %

Shares of MPW opened at $4.33 on Thursday. The business’s fifty day moving average is $4.95 and its 200-day moving average is $4.90. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -1.01, a PEG ratio of 0.69 and a beta of 1.32. 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 52-week low of $2.92 and a 52-week high of $6.55.

Medical Properties Trust Announces Dividend

The business 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 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio is -7.58%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MPW. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Friday, September 13th. Truist Financial upped their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Finally, Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Medical Properties Trust presently has an average rating of “Hold” and a consensus price target of $5.50.

Insider Activity at Medical Properties Trust

In other news, Director Elizabeth N. Pitman purchased 8,087 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. This trade 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 firm’s 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 sale, 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.

About Medical Properties Trust

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.