Quarry LP Purchases 17,078 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Quarry LP grew its position in Medical Properties Trust, Inc. (NYSE:MPW) by 1,793.9% in the third quarter, HoldingsChannel.com reports. The fund owned 18,030 shares of the real estate investment trust’s stock after buying an additional 17,078 shares during the period. Quarry LP’s holdings in Medical Properties Trust were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of MPW. Silver Point Capital L.P. grew its position in shares of Medical Properties Trust by 155.3% in the 3rd quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust’s stock valued at $35,100,000 after acquiring an additional 3,650,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Medical Properties Trust by 353.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust’s stock worth $20,625,000 after buying an additional 2,748,245 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 worth $29,775,000 after buying an additional 1,274,481 shares during the period. Wilsey Asset Management Inc. boosted its holdings in shares of Medical Properties Trust by 27.2% during 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 buying an additional 936,631 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of 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 worth $5,183,000 after buying an additional 700,783 shares during the period. Institutional investors own 71.79% of the company’s stock.

Analyst Ratings Changes

MPW has been the subject of several research analyst reports. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price for the company in a report on Friday, September 13th. Truist Financial lifted their target price on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 13th. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Mizuho reduced their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.25.

Medical Properties Trust Price Performance

Shares of Medical Properties Trust stock opened at $4.14 on Friday. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55. 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 company has a 50-day simple moving average of $4.69 and a two-hundred day simple moving average of $4.84. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -0.98, a price-to-earnings-growth ratio of 0.65 and a beta of 1.29.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s payout ratio is presently -7.58%.

Insider Activity

In related news, Director Elizabeth N. Pitman purchased 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought 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 $461,207.40. This trade represents a 11.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust 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 sale, the director now directly owns 221,245 shares in the company, valued at $1,207,997.70. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

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.