M&T Bank Corp Boosts Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

M&T Bank Corp grew its position in Medical Properties Trust, Inc. (NYSE:MPW) by 15.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 332,921 shares of the real estate investment trust’s stock after purchasing an additional 44,597 shares during the period. M&T Bank Corp’s holdings in Medical Properties Trust were worth $1,948,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in Medical Properties Trust in the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new position in shares of Medical Properties Trust in the third quarter valued at approximately $31,000. GAMMA Investing LLC increased its position in shares of Medical Properties Trust by 107.3% during 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. Iron Horse Wealth Management LLC lifted its holdings in Medical Properties Trust by 166.7% during the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 5,000 shares during the period. Finally, Wealthstream Advisors Inc. purchased a new position in Medical Properties Trust in the third quarter worth $60,000. 71.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MPW shares. Truist Financial raised their target price 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. Mizuho lowered their price objective on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Finally, Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Medical Properties Trust presently has an average rating of “Hold” and an average price target of $5.25.

Medical Properties Trust Stock Performance

Shares of MPW stock opened at $3.98 on Friday. The firm’s 50 day moving average is $4.53 and its 200 day moving average is $4.81. The stock has a market capitalization of $2.39 billion, a P/E ratio of -0.94, a PEG 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 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust’s payout ratio is currently -7.58%.

Insider Activity

In other news, Director Elizabeth N. Pitman acquired 8,087 shares of Medical Properties Trust 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 completion of the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was 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 $1,207,997.70. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.

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.