Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Demars Financial Group LLC

Demars Financial Group LLC reduced its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,166 shares of the real estate investment trust’s stock after selling 2,352 shares during the quarter. Demars Financial Group LLC’s holdings in Medical Properties Trust were worth $159,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in Medical Properties Trust by 8.2% during the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock worth $437,373,000 after buying an additional 7,084,981 shares in the last quarter. Goldentree Asset Management LP acquired a new position in Medical Properties Trust in the first quarter valued at $15,966,000. Bank of New York Mellon Corp lifted its stake in shares of Medical Properties Trust by 22.6% during 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. lifted its stake 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 worth $18,861,000 after purchasing an additional 936,631 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of 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 in the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, Truist Financial boosted their price objective 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.38.

Medical Properties Trust Stock Up 8.1 %

Medical Properties Trust stock traded up $0.37 during midday trading on Friday, hitting $4.91. The stock had a trading volume of 20,593,513 shares, compared to its average volume of 10,608,525. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51. The stock has a market cap of $2.95 billion, a P/E ratio of -1.83, a P/E/G ratio of 0.68 and a beta of 1.32. Medical Properties Trust, Inc. has a 12 month low of $2.92 and a 12 month high of $6.55. The business has a fifty day moving average price of $5.17 and a 200 day moving average price of $4.92.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.75). The company had revenue of $266.60 million during the quarter, compared to analysts’ expectations of $259.53 million. The firm’s revenue was down 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. Research analysts predict that Medical Properties Trust, Inc. will post 0.85 EPS for the current year.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.52%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -11.90%.

Insider Activity

In related news, Director Elizabeth N. Pitman bought 8,087 shares of the stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $6.01 per share, with a total value of $48,602.87. Following the completion of the acquisition, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Elizabeth N. Pitman sold 10,025 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the transaction, the director now directly owns 68,653 shares in the company, valued at approximately $341,891.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 shares were acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 63,335 shares of company stock valued at $318,825. 1.53% of the stock is currently owned by insiders.

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.