Savvy Advisors Inc. Acquires Shares of 10,953 Medical Properties Trust, Inc. (NYSE:MPW)

Savvy Advisors Inc. bought a new position in Medical Properties Trust, Inc. (NYSE:MPW) in the 3rd quarter, Holdings Channel reports. The firm bought 10,953 shares of the real estate investment trust’s stock, valued at approximately $64,000.

A number of other large investors have also recently made changes to their positions in MPW. Future Financial Wealth Managment LLC bought a new stake in Medical Properties Trust in the third quarter worth about $29,000. GAMMA Investing LLC lifted its stake in shares of Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,145 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Medical Properties Trust by 435.0% during the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 6,482 shares during the period. Iron Horse Wealth Management LLC grew its position in Medical Properties Trust by 166.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Gateway Investment Advisers LLC purchased a new stake in Medical Properties Trust in the second quarter worth $45,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust 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 approximately $1,207,997.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction dated Wednesday, October 9th. The shares were 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 directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.53% of the stock is owned by company insiders.

Medical Properties Trust Trading Up 1.1 %

NYSE:MPW opened at $4.40 on Thursday. The firm has a 50-day simple moving average of $5.16 and a 200-day simple moving average of $4.92. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $6.55. The firm has a market cap of $2.64 billion, a P/E ratio of -1.04, a P/E/G 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 2.93 and a current ratio of 2.38.

Medical Properties Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend was Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is -7.58%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MPW shares. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Truist Financial boosted their price objective 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, Colliers Securities raised shares of 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $5.50.

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.