Truvestments Capital LLC Invests $31,000 in Medical Properties Trust, Inc. (NYSE:MPW)

Truvestments Capital LLC bought a new stake in Medical Properties Trust, Inc. (NYSE:MPW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,340 shares of the real estate investment trust’s stock, valued at approximately $31,000.

A number of other large investors have also recently bought and sold shares of MPW. Ables Iannone Moore & Associates Inc. lifted its position in shares of Medical Properties Trust by 3.4% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 58,707 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 1,939 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in Medical Properties Trust by 0.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 2,246 shares in the last quarter. KG&L Capital Management LLC boosted its stake in shares of Medical Properties Trust by 5.3% during the 3rd quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 2,550 shares during the last quarter. Keynote Financial Services LLC grew its holdings in shares of Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,715 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Medical Properties Trust by 1.9% in the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after buying an additional 3,103 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

Shares of NYSE:MPW opened at $4.33 on Thursday. The business has a 50-day moving average of $4.95 and a two-hundred day moving average of $4.90. The firm has a market capitalization of $2.60 billion, a PE ratio of -1.02, a P/E/G ratio of 0.69 and a beta of 1.32. 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 12 month low of $2.92 and a 12 month high of $6.55.

Medical Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 7.40%. Medical Properties Trust’s dividend payout ratio (DPR) is -7.58%.

Insiders Place Their Bets

In related 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 completion of the sale, the director now directly owns 221,245 shares in the company, valued at approximately $1,207,997.70. This represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth N. Pitman acquired 8,087 shares of Medical Properties Trust stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the purchase, the director now owns 76,740 shares of the company’s stock, 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. 1.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Friday, September 13th. 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. Finally, Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.50.

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.