Medical Properties Trust, Inc. (NYSE:MPW) Position Cut by Swiss National Bank

Swiss National Bank lowered its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,171,500 shares of the real estate investment trust’s stock after selling 7,800 shares during the period. Swiss National Bank owned 0.20% of Medical Properties Trust worth $6,853,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MPW. Dimensional Fund Advisors LP increased its position in Medical Properties Trust by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock valued at $37,168,000 after acquiring an additional 328,184 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Medical Properties Trust by 22.6% in the second quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock worth $29,775,000 after purchasing an additional 1,274,481 shares in the last quarter. Wilsey Asset Management Inc. increased its holdings in shares of Medical Properties Trust by 27.2% during the second quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock valued at $18,861,000 after purchasing an additional 936,631 shares during the period. Goldentree Asset Management LP bought a new stake in shares of Medical Properties Trust during the first quarter valued at about $15,966,000. Finally, Public Sector Pension Investment Board lifted its holdings in Medical Properties Trust by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 1,320,781 shares of the real estate investment trust’s stock worth $5,693,000 after purchasing an additional 93,021 shares during the period. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

NYSE MPW opened at $4.27 on Wednesday. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55. The business’s fifty day moving average is $4.99 and its two-hundred day moving average is $4.90. The stock has a market capitalization of $2.56 billion, a P/E ratio of -1.01, a P/E/G ratio of 0.66 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 Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio is -7.58%.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, Director Elizabeth N. Pitman acquired 8,087 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was purchased at an average cost 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 $461,207.40. The trade was a 11.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of the business’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 transaction, the director now directly owns 221,245 shares in the company, valued at $1,207,997.70. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented 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 target on the stock in a research report on Friday, September 13th. Truist Financial boosted their target price on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 13th. Finally, Wolfe Research raised Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.50.

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.