Medical Properties Trust, Inc. $MPW Shares Purchased by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. increased its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,240,579 shares of the real estate investment trust’s stock after purchasing an additional 313,011 shares during the quarter. Medical Properties Trust accounts for 4.9% of Wilsey Asset Management Inc.’s holdings, making the stock its 15th biggest position. Wilsey Asset Management Inc. owned about 0.87% of Medical Properties Trust worth $26,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Medical Properties Trust in the first quarter valued at $41,000. Brighton Jones LLC acquired a new stake in shares of Medical Properties Trust during the second quarter worth $44,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Medical Properties Trust during the second quarter valued at $44,000. Drive Wealth Management LLC purchased a new stake in shares of Medical Properties Trust during the second quarter valued at $45,000. Finally, Norges Bank acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at $45,000. 71.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPW has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Medical Properties Trust in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Wells Fargo & Company boosted their target price on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company an “underweight” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $6.17.

Medical Properties Trust Trading Up 1.8%

Shares of NYSE:MPW opened at $5.09 on Friday. The firm has a fifty day moving average of $5.21 and a two-hundred day moving average of $4.75. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 2.06. Medical Properties Trust, Inc. has a 12-month low of $3.51 and a 12-month high of $6.34. The firm has a market capitalization of $3.06 billion, a P/E ratio of -4.31 and a beta of 1.44.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The company had revenue of $237.52 million during the quarter, compared to analyst estimates of $244.89 million. Medical Properties Trust had a negative return on equity of 14.82% and a negative net margin of 75.76%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. On average, equities analysts expect that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from Medical Properties Trust’s previous quarterly dividend of $0.08. Medical Properties Trust’s dividend payout ratio (DPR) is presently -30.51%.

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.