KG&L Capital Management LLC Grows Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

KG&L Capital Management LLC increased its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 5.3% during the 3rd quarter, Holdings Channel reports. The fund owned 50,875 shares of the real estate investment trust’s stock after purchasing an additional 2,550 shares during the quarter. KG&L Capital Management LLC’s holdings in Medical Properties Trust were worth $298,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp raised its stake in Medical Properties Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 251,959 shares of the real estate investment trust’s stock valued at $1,474,000 after buying an additional 27,597 shares in the last quarter. Optas LLC purchased a new position in shares of Medical Properties Trust during the third quarter worth about $66,000. abrdn plc grew its holdings in shares of Medical Properties Trust by 2.2% during the third quarter. abrdn plc now owns 531,609 shares of the real estate investment trust’s stock worth $3,110,000 after buying an additional 11,504 shares during the last quarter. Welch Group LLC grew its holdings in shares of Medical Properties Trust by 112.5% during the third quarter. Welch Group LLC now owns 39,725 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 21,029 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Medical Properties Trust by 5.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 143,910 shares of the real estate investment trust’s stock valued at $863,000 after purchasing an additional 7,874 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Trading Up 2.7 %

MPW stock opened at $4.63 on Tuesday. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -1.72, a PEG ratio of 0.68 and a beta of 1.32. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $4.92. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The firm had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. During the same period last year, the firm posted $0.48 EPS. The firm’s revenue was down 21.0% on a year-over-year basis. On average, equities research analysts expect that Medical Properties Trust, Inc. will post 0.85 EPS for the current year.

Medical Properties Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.32 annualized dividend and a yield of 6.91%. Medical Properties Trust’s dividend payout ratio is currently -11.90%.

Insider Activity at Medical Properties Trust

In other news, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares in the company, valued at $239,310.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Medical Properties Trust news, Director Elizabeth N. Pitman sold 10,025 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $4.98, for a total value of $49,924.50. Following the transaction, the director now owns 68,653 shares of the company’s stock, valued at $341,891.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the transaction, the director now directly owns 54,637 shares in the company, valued at $239,310.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 63,335 shares of company stock worth $318,825. Corporate insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, Truist Financial upped their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.38.

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.