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

Heitman Real Estate Securities LLC lessened its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 16.6% during the third quarter, HoldingsChannel.com 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 reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Medical Properties Trust by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock worth $37,168,000 after acquiring an additional 328,184 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Medical Properties Trust by 22.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,908,362 shares of the real estate investment trust’s stock worth $29,775,000 after buying an additional 1,274,481 shares in the last quarter. Silver Point Capital L.P. lifted its position in shares of Medical Properties Trust by 155.3% during the third quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust’s stock worth $35,100,000 after purchasing an additional 3,650,000 shares during the last quarter. Wilsey Asset Management Inc. grew its holdings in Medical Properties Trust by 27.2% during the 2nd quarter. Wilsey Asset Management Inc. now owns 4,376,180 shares of the real estate investment trust’s stock worth $18,861,000 after acquiring an additional 936,631 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Medical Properties Trust by 353.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust’s stock worth $20,625,000 after buying an additional 2,748,245 shares during the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

Shares of Medical Properties Trust stock opened at $4.29 on Tuesday. The business has a 50-day moving average price of $4.83 and a 200 day moving average price of $4.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick 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.

Medical Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid 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 yield of 7.47%. Medical Properties Trust’s payout ratio is currently -7.58%.

Wall Street Analysts Forecast Growth

MPW has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Friday, September 13th. Finally, Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $5.58.

Insider Activity

In related news, 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 sale, the director now directly owns 221,245 shares in the company, valued at $1,207,997.70. The trade was 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 through the SEC website. Also, Director Elizabeth N. Pitman bought 8,087 shares of the firm’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 transaction, the director now directly owns 76,740 shares in the company, valued at $461,207.40. This represents 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 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.