13,944 Shares in Medical Properties Trust, Inc. (NYSE:MPW) Acquired by McIlrath & Eck LLC

McIlrath & Eck LLC bought a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,944 shares of the real estate investment trust’s stock, valued at approximately $82,000.

Several other hedge funds have also made changes to their positions in MPW. Future Financial Wealth Managment LLC bought a new stake in shares of Medical Properties Trust in the third quarter valued at about $29,000. Truvestments Capital LLC bought a new position in shares of Medical Properties Trust in the 3rd quarter worth $31,000. Iron Horse Wealth Management LLC lifted its stake in shares of Medical Properties Trust by 166.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 5,000 shares during the last quarter. GAMMA Investing LLC grew its stake in Medical Properties Trust by 107.3% in the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,145 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new position in Medical Properties Trust in the second quarter worth about $46,000. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Elizabeth N. Pitman purchased 8,087 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of $6.01 per share, with a total value of $48,602.87. Following the acquisition, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust 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 owns 221,245 shares in the company, valued at approximately $1,207,997.70. This trade represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MPW shares. Truist Financial upped their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Friday, September 13th. Finally, Mizuho lowered their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.25.

Medical Properties Trust Trading Down 1.9 %

Medical Properties Trust stock opened at $4.10 on Wednesday. The firm has a market cap of $2.46 billion, a PE ratio of -0.97, a P/E/G ratio of 0.64 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. The stock’s 50 day simple moving average is $4.62 and its two-hundred day simple moving average is $4.83. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

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 of this dividend is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.80%. Medical Properties Trust’s dividend payout ratio (DPR) is currently -7.58%.

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.