B. Riley Wealth Advisors Inc. Sells 4,493 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

B. Riley Wealth Advisors Inc. cut its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 15.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,775 shares of the real estate investment trust’s stock after selling 4,493 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Medical Properties Trust were worth $145,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in Medical Properties Trust during the 3rd quarter valued at about $927,000. Wolverine Asset Management LLC increased its position in shares of Medical Properties Trust by 27.8% during the third quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock valued at $3,030,000 after acquiring an additional 112,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Medical Properties Trust by 353.5% in 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 acquiring an additional 2,748,245 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Medical Properties Trust by 22.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock valued at $3,418,000 after acquiring an additional 143,309 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Medical Properties Trust during the 3rd quarter valued at $883,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Insider Activity

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the completion of the sale, the director now owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. The trade was a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Performance

MPW opened at $3.86 on Monday. The company’s 50 day moving average is $4.39 and its 200 day moving average is $4.76. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -0.91, a PEG ratio of 0.62 and a beta of 1.29. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $6.55.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday, September 13th. Truist Financial lowered their target price on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday. Mizuho reduced their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Finally, Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.92.

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.