Heitman Real Estate Securities LLC Lowers Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Heitman Real Estate Securities LLC reduced its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 16.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,055,619 shares of the real estate investment trust’s stock after selling 410,349 shares during the period. Heitman Real Estate Securities LLC’s holdings in Medical Properties Trust were worth $12,025,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MPW. Future Financial Wealth Managment LLC acquired a new position in Medical Properties Trust during the third quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of Medical Properties Trust during the 3rd quarter valued at $31,000. Versant Capital Management Inc increased its holdings in shares of 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 worth $34,000 after buying an additional 6,482 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in shares of 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 worth $34,000 after buying an additional 5,000 shares during the period. Finally, GAMMA Investing LLC boosted its holdings 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 acquiring an additional 3,145 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Stock Performance

NYSE MPW opened at $4.29 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The business has a 50 day moving average price of $4.83 and a two-hundred day moving average price of $4.87.

Medical Properties Trust Announces Dividend

The company 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. The ex-dividend date is Thursday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 7.47%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Analyst Upgrades and Downgrades

MPW has been the topic of a number of research reports. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a report 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 target price for the company in a research report on Friday, September 13th. Finally, Truist Financial lifted their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $5.58.

Insider Buying and Selling

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total transaction of $178,978.80. Following 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 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $6.01 per share, with a total value 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 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.53% of the stock is currently owned by insiders.

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.