State of New Jersey Common Pension Fund D Sells 15,593 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

State of New Jersey Common Pension Fund D reduced its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 558,870 shares of the real estate investment trust’s stock after selling 15,593 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Medical Properties Trust worth $3,269,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MPW. Future Financial Wealth Managment LLC acquired a new position in shares of Medical Properties Trust in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings in Medical Properties Trust by 107.3% in the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,145 shares during the period. Versant Capital Management Inc boosted its position in Medical Properties Trust by 435.0% during the second quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 6,482 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in Medical Properties Trust by 166.7% during the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Medical Properties Trust during the 2nd quarter worth about $45,000. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Trading Down 3.9 %

Shares of Medical Properties Trust stock opened at $4.36 on Wednesday. The stock has a market capitalization of $2.61 billion, a PE ratio of -1.03, a price-to-earnings-growth ratio of 0.72 and a beta of 1.32. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. The stock has a 50 day moving average price of $5.17 and a two-hundred day moving average price of $4.92. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.93 and a current ratio of 2.38.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.35%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s payout ratio is currently -7.58%.

Insider Buying and Selling at Medical Properties Trust

In other news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the transaction, the director now directly owns 54,637 shares in the company, valued at $239,310.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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, with a total value of $48,602.87. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the transaction, the director now owns 54,637 shares in the company, valued at $239,310.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,335 shares of company stock worth $318,825. 1.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Friday, September 13th. Finally, Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Two 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’s stock. According to data from MarketBeat, the stock has an average 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.