12,000 Shares in Medical Properties Trust, Inc. (NYSE:MPW) Bought by Jmac Enterprises LLC

Jmac Enterprises LLC acquired a new position in Medical Properties Trust, Inc. (NYSE:MPW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,000 shares of the real estate investment trust’s stock, valued at approximately $70,000.

Several other institutional investors also recently modified their holdings of the business. Ables Iannone Moore & Associates Inc. grew its stake in shares of Medical Properties Trust by 3.4% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 58,707 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 1,939 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Medical Properties Trust by 0.6% in the second quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock worth $1,746,000 after purchasing an additional 2,246 shares during the last quarter. KG&L Capital Management LLC boosted its position in Medical Properties Trust by 5.3% during the third quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock valued at $298,000 after acquiring an additional 2,550 shares during the last quarter. Keynote Financial Services LLC boosted its position in Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 2,715 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Medical Properties Trust by 1.9% during the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after acquiring an additional 3,103 shares during the last quarter. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

MPW stock opened at $4.55 on Friday. The stock has a market capitalization of $2.73 billion, a PE ratio of -1.69, a price-to-earnings-growth ratio of 0.68 and a beta of 1.32. The company’s 50-day moving average is $5.16 and its 200-day moving average is $4.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $6.55.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The firm had revenue of $266.60 million for the quarter, compared to the consensus estimate of $259.53 million. Medical Properties Trust’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Equities research analysts expect that Medical Properties Trust, Inc. will post 0.85 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were issued a $0.08 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.04%. Medical Properties Trust’s dividend payout ratio is presently -11.90%.

Insider Buying and Selling

In related news, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the sale, the director now owns 221,245 shares in the company, valued at $1,207,997.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the sale, the director now owns 221,245 shares in the company, valued at $1,207,997.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction dated 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 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. Insiders have sold 63,335 shares of company stock worth $318,825 in the last quarter. Insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MPW. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Friday, September 13th. Truist Financial upped their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research report 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.38.

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.