Concurrent Investment Advisors LLC Buys 3,294 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Concurrent Investment Advisors LLC boosted its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,606 shares of the real estate investment trust’s stock after buying an additional 3,294 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Medical Properties Trust were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP increased its position in shares of Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 4,241 shares during the period. Truvestments Capital LLC purchased a new position in Medical Properties Trust during the 3rd quarter worth $31,000. RFG Advisory LLC bought a new stake in Medical Properties Trust during the 4th quarter valued at $40,000. Silver Oak Securities Incorporated purchased a new stake in shares of Medical Properties Trust in the 4th quarter worth $40,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Medical Properties Trust in the 4th quarter worth $44,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

Shares of MPW stock opened at $4.78 on Thursday. The company has a market cap of $2.87 billion, a P/E ratio of -1.13, a PEG ratio of 1.01 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. The stock’s 50-day moving average is $4.37 and its 200 day moving average is $4.64. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust’s payout ratio is currently -7.58%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CAO James Kevin Hanna sold 11,641 shares of the business’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 transaction, the chief accounting officer now directly owns 366,913 shares in the company, valued at $1,364,916.36. The trade was a 3.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.53% of the stock is currently owned by company insiders.

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.