KPP Advisory Services LLC Sells 9,077 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

KPP Advisory Services LLC cut its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 9.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 85,964 shares of the real estate investment trust’s stock after selling 9,077 shares during the quarter. KPP Advisory Services LLC’s holdings in Medical Properties Trust were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MPW. Vanguard Group Inc. boosted its holdings in shares of Medical Properties Trust by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after acquiring an additional 7,084,981 shares during the last quarter. Goldentree Asset Management LP bought a new position in Medical Properties Trust during the first quarter valued at approximately $15,966,000. Bank of New York Mellon Corp boosted its holdings in 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 during the last quarter. Wilsey Asset Management Inc. grew its position in Medical Properties Trust by 27.2% in the 2nd 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 during the period. Finally, International Assets Investment Management LLC raised its stake in Medical Properties Trust by 378.4% during the 3rd quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after buying an additional 700,783 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MPW shares. 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 report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Truist Financial boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.50.

Insider Buying and Selling

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the company’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 value of $178,978.80. Following the completion of the transaction, the director now directly owns 221,245 shares in the company, valued at $1,207,997.70. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. This trade represents a 27.31 % 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 insiders.

Medical Properties Trust Price Performance

NYSE MPW opened at $4.31 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.93 and a debt-to-equity ratio of 1.69. The business’s fifty day moving average is $5.14 and its 200 day moving average is $4.91. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55.

Medical Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.42%. Medical Properties Trust’s payout ratio is currently -7.58%.

Medical Properties Trust Company 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.