Cannon Financial Strategists Inc. Takes Position in Medical Properties Trust, Inc. (NYSE:MPW)

Cannon Financial Strategists Inc. bought a new stake in Medical Properties Trust, Inc. (NYSE:MPW) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 20,000 shares of the real estate investment trust’s stock, valued at approximately $79,000.

A number of other institutional investors have also made changes to their positions in the business. Atria Wealth Solutions Inc. raised its holdings in shares of Medical Properties Trust by 2.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 111,490 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 2,948 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Medical Properties Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 60,065 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 3,266 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Medical Properties Trust by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 2,912,274 shares of the real estate investment trust’s stock valued at $11,503,000 after buying an additional 86,925 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Medical Properties Trust by 4.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 585,794 shares of the real estate investment trust’s stock valued at $2,314,000 after buying an additional 26,924 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Medical Properties Trust by 230.4% in the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 4,241 shares during the last quarter. 71.79% of the stock is owned by institutional investors.

Medical Properties Trust Price Performance

Shares of NYSE:MPW opened at $5.03 on Wednesday. Medical Properties Trust, Inc. has a 1-year low of $3.45 and a 1-year high of $6.55. 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 business has a 50-day moving average price of $4.24 and a two-hundred day moving average price of $4.63.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.32 annualized dividend and a yield of 6.37%. Medical Properties Trust’s dividend payout ratio is currently -7.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MPW. Mizuho cut their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Truist Financial cut their price target 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.92.

Insiders Place Their Bets

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

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.