Jmac Enterprises LLC Acquires Shares of 12,000 Medical Properties Trust, Inc. (NYSE:MPW)

Jmac Enterprises LLC acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPW) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 12,000 shares of the real estate investment trust’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes 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. Versant Capital Management Inc increased its stake in Medical Properties Trust by 435.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 6,482 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in 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 valued at $34,000 after buying an additional 5,000 shares during the last quarter. GAMMA Investing LLC increased its stake in Medical Properties Trust by 107.3% in the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,145 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in shares of Medical Properties Trust during the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Elizabeth N. Pitman acquired 8,087 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired 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 of the company’s stock, valued at approximately $461,207.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the sale, the director now owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the acquisition, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 63,335 shares of company stock valued at $318,825. Corporate insiders own 1.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MPW shares. Truist Financial lifted their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 13th. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Friday, September 13th. Finally, Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.38.

Medical Properties Trust Stock Down 1.0 %

MPW stock opened at $4.55 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.93 and a current ratio of 2.93. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -1.69, a PEG ratio of 0.68 and a beta of 1.32. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The stock has a fifty day moving average of $5.16 and a 200-day moving average of $4.92.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The company had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. As a group, equities research analysts predict that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a yield of 7.04%. Medical Properties Trust’s dividend payout ratio (DPR) is -11.90%.

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.