Pitcairn Co. Has $293,000 Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Pitcairn Co. cut its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,012 shares of the real estate investment trust’s stock after selling 10,355 shares during the quarter. Pitcairn Co.’s holdings in Medical Properties Trust were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wolverine Asset Management LLC raised its position in shares of Medical Properties Trust by 27.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock valued at $3,030,000 after acquiring an additional 112,721 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Medical Properties Trust by 22.1% during the second quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock worth $3,418,000 after purchasing an additional 143,309 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Medical Properties Trust by 378.4% in the 3rd quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after buying an additional 700,783 shares during the period. Algert Global LLC increased its position in shares of Medical Properties Trust by 91.5% in the 2nd quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock valued at $793,000 after buying an additional 87,881 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Medical Properties Trust by 16.4% during the third quarter. Advisors Asset Management Inc. now owns 1,367,257 shares of the real estate investment trust’s stock worth $7,998,000 after purchasing an additional 192,955 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Up 1.5 %

Medical Properties Trust stock opened at $4.33 on Thursday. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The firm has a market capitalization of $2.60 billion, a PE ratio of -1.02, a P/E/G ratio of 0.69 and a beta of 1.32. The company’s 50-day moving average is $4.95 and its 200-day moving average is $4.90. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 7.40%. Medical Properties Trust’s dividend payout ratio is currently -7.58%.

Insider Buying and Selling

In related news, Director Elizabeth N. Pitman bought 8,087 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the purchase, the director now owns 76,740 shares in the company, valued at $461,207.40. This represents a 11.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total transaction of $178,978.80. Following the completion of 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 position. The disclosure for this sale can be found here. 1.53% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial raised their target price on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, 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 report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.50.

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.