Coldstream Capital Management Inc. trimmed its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW – Free Report) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,149 shares of the real estate investment trust’s stock after selling 3,877 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Medical Properties Trust were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of MPW. Nisa Investment Advisors LLC raised its stake in Medical Properties Trust by 7.1% during the second quarter. Nisa Investment Advisors LLC now owns 209,521 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 13,875 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Medical Properties Trust in the 2nd quarter worth about $77,000. Lecap Asset Management Ltd. acquired a new stake in shares of Medical Properties Trust during the 2nd quarter worth about $475,000. Louisiana State Employees Retirement System lifted its holdings in Medical Properties Trust by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 302,000 shares of the real estate investment trust’s stock valued at $1,302,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Keynote Financial Services LLC boosted its position in Medical Properties Trust by 4.8% in 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 buying an additional 2,715 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors.
Insider Transactions at Medical Properties Trust
In other news, Director Michael G. Stewart sold 32,780 shares of the 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 owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.53% of the stock is owned by corporate insiders.
Medical Properties Trust Trading Up 1.8 %
Medical Properties Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 8.06%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on MPW. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Truist Financial lifted their price objective 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. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. Finally, Mizuho cut their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.25.
Check Out Our Latest Analysis on MPW
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.
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