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

Public Sector Pension Investment Board cut its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,273,081 shares of the real estate investment trust’s stock after selling 47,700 shares during the period. Public Sector Pension Investment Board owned about 0.21% of Medical Properties Trust worth $7,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Medical Properties Trust by 2.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,054 shares of the real estate investment trust’s stock worth $1,469,000 after buying an additional 7,050 shares in the last quarter. Townsquare Capital LLC acquired a new position in shares of Medical Properties Trust in the 3rd quarter worth approximately $62,000. Quantbot Technologies LP increased its holdings in Medical Properties Trust by 27.7% during the 3rd quarter. Quantbot Technologies LP now owns 448,022 shares of the real estate investment trust’s stock valued at $2,621,000 after purchasing an additional 97,203 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Medical Properties Trust by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 118,256 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 7,794 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Medical Properties Trust during the 3rd quarter valued at $31,000. 71.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Medical Properties Trust

In other news, Director Michael G. Stewart sold 32,780 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth N. Pitman purchased 8,087 shares of Medical Properties Trust stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the transaction, the director now directly owns 76,740 shares in the company, valued at $461,207.40. The trade was a 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.53% of the company’s stock.

Medical Properties Trust Stock Up 1.4 %

Shares of MPW opened at $4.39 on Friday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -1.04, a PEG ratio of 0.67 and a beta of 1.32. 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 business’s fifty day moving average price is $4.86 and its two-hundred day moving average price is $4.88. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55.

Medical Properties Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

MPW has been the subject of a number of recent analyst reports. Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Truist Financial raised their price target on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Finally, Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.58.

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.