Mutual of America Capital Management LLC Reduces Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Mutual of America Capital Management LLC lessened its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 8.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 90,251 shares of the real estate investment trust’s stock after selling 8,418 shares during the period. Mutual of America Capital Management LLC’s holdings in Medical Properties Trust were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Goldentree Asset Management LP acquired a new stake in shares of Medical Properties Trust in the 1st quarter worth $15,966,000. Bank of New York Mellon Corp boosted its position in shares of Medical Properties Trust by 22.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock valued at $29,775,000 after acquiring an additional 1,274,481 shares during the last quarter. Wilsey Asset Management Inc. grew its holdings in shares of Medical Properties Trust by 27.2% in 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. International Assets Investment Management LLC increased its position in Medical Properties Trust by 378.4% during the third quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock worth $5,183,000 after purchasing an additional 700,783 shares during the last quarter. Finally, APG Asset Management US Inc. purchased a new position in Medical Properties Trust during the second quarter worth about $2,045,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Down 4.7 %

Shares of NYSE MPW opened at $4.27 on Wednesday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The business’s 50 day moving average is $4.99 and its two-hundred day moving average is $4.90. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $6.55. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -1.01, a PEG ratio of 0.66 and a beta of 1.32.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 7.49%. Medical Properties Trust’s dividend payout ratio is presently -7.58%.

Insider Buying and Selling

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elizabeth N. Pitman acquired 8,087 shares of Medical Properties Trust 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 completion of the purchase, the director now owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. This represents a 11.78 % increase in their position. The disclosure for this purchase can be found here. 1.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Friday, September 13th. Finally, Truist Financial raised their target price on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 13th. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.