Victory Capital Management Inc. Raises Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Victory Capital Management Inc. increased its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,680 shares of the real estate investment trust’s stock after buying an additional 21,260 shares during the period. Victory Capital Management Inc.’s holdings in Medical Properties Trust were worth $1,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in Medical Properties Trust in the third quarter worth approximately $29,000. Versant Capital Management Inc raised its position in shares of Medical Properties Trust by 435.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 6,482 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 5,000 shares during the last quarter. GAMMA Investing LLC boosted its position in Medical Properties Trust by 107.3% during the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,145 shares in the last quarter. Finally, Gateway Investment Advisers LLC purchased a new position in Medical Properties Trust in the second quarter valued at about $45,000. 71.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MPW. Truist Financial increased their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 13th. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price for the company in a research 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 investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.50.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the acquisition, the director now directly owns 76,740 shares in the company, valued at approximately $461,207.40. The trade was 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 owned by insiders.

Medical Properties Trust Stock Down 4.7 %

NYSE:MPW opened at $4.27 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55. The company has a market cap of $2.56 billion, a PE ratio of -1.01, a P/E/G ratio of 0.66 and a beta of 1.32. The company’s 50 day moving average is $4.99 and its two-hundred day moving average is $4.90.

Medical Properties Trust Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

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.