Public Sector Pension Investment Board Has $7.45 Million Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Public Sector Pension Investment Board lessened its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,273,081 shares of the real estate investment trust’s stock after selling 47,700 shares during the quarter. Public Sector Pension Investment Board’s holdings in Medical Properties Trust were worth $7,448,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Medical Properties Trust by 22.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock valued at $29,775,000 after purchasing an additional 1,274,481 shares during the period. Wilsey Asset Management Inc. raised its stake in shares of 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 valued at $18,861,000 after purchasing an additional 936,631 shares during the period. International Assets Investment Management LLC raised its stake in shares of Medical Properties Trust by 378.4% in 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 purchasing an additional 700,783 shares during the period. APG Asset Management US Inc. acquired a new stake in shares of Medical Properties Trust in the 2nd quarter valued at about $2,045,000. Finally, Caxton Associates LP acquired a new stake in shares of Medical Properties Trust in the 2nd quarter valued at about $2,066,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust 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 transaction, the director now owns 221,245 shares in the company, valued at approximately $1,207,997.70. This trade represents 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 this hyperlink. Also, Director Elizabeth N. Pitman purchased 8,087 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the acquisition, the director now directly 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 disclosure for this purchase can be found here. 1.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, Truist Financial lifted their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.58.

Medical Properties Trust Trading Up 1.4 %

Medical Properties Trust stock opened at $4.39 on Friday. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $2.64 billion, a P/E ratio of -1.04, a PEG ratio of 0.67 and a beta of 1.32. The stock has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.88.

Medical Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s payout ratio is currently -7.58%.

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.