Welch Group LLC Sells 6,469 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Welch Group LLC cut its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 16.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,256 shares of the real estate investment trust’s stock after selling 6,469 shares during the period. Welch Group LLC’s holdings in Medical Properties Trust were worth $124,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MPW. KG&L Capital Management LLC boosted its holdings in Medical Properties Trust by 5.3% in the 3rd quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 2,550 shares during the period. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 3,145 shares during the period. Commerce Bank grew its position in Medical Properties Trust by 4.0% during the third quarter. Commerce Bank now owns 89,058 shares of the real estate investment trust’s stock worth $521,000 after buying an additional 3,435 shares in the last quarter. Natixis Advisors LLC increased its stake in Medical Properties Trust by 5.6% during the 3rd quarter. Natixis Advisors LLC now owns 80,028 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 4,231 shares during the period. Finally, Grant GrossMendelsohn LLC raised its holdings in Medical Properties Trust by 22.7% in the 4th quarter. Grant GrossMendelsohn LLC now owns 25,372 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 4,686 shares in the last quarter. 71.79% of the stock is owned by institutional investors.

Insider Activity at Medical Properties Trust

In related news, CAO James Kevin Hanna sold 11,641 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following the sale, the chief accounting officer now owns 366,913 shares of the company’s stock, valued at $1,364,916.36. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial reduced their target price on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Mizuho decreased their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.92.

Medical Properties Trust Stock Performance

NYSE:MPW opened at $4.79 on Wednesday. Medical Properties Trust, Inc. has a twelve month low of $3.13 and a twelve month high of $6.55. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The stock’s 50-day simple moving average is $4.14 and its 200 day simple moving average is $4.64. The firm has a market capitalization of $2.87 billion, a PE ratio of -1.13, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were paid a $0.08 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.69%. Medical Properties Trust’s payout ratio is currently -7.58%.

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.