Wilsey Asset Management Inc. Has $26.57 Million Holdings in Medical Properties Trust, Inc. $MPW

Wilsey Asset Management Inc. increased its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 6.4% in the third quarter, HoldingsChannel reports. The firm owned 5,240,579 shares of the real estate investment trust’s stock after purchasing an additional 313,011 shares during the period. Medical Properties Trust accounts for approximately 4.9% of Wilsey Asset Management Inc.’s portfolio, making the stock its 15th biggest holding. Wilsey Asset Management Inc.’s holdings in Medical Properties Trust were worth $26,570,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Medical Properties Trust during the 1st quarter worth about $7,311,000. Russell Investments Group Ltd. lifted its holdings in Medical Properties Trust by 126.6% in the 1st quarter. Russell Investments Group Ltd. now owns 107,484 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 60,061 shares during the last quarter. Aberdeen Group plc boosted its position in Medical Properties Trust by 0.9% during the first quarter. Aberdeen Group plc now owns 593,522 shares of the real estate investment trust’s stock worth $3,579,000 after purchasing an additional 5,521 shares during the period. Raymond James Financial Inc. boosted its position in Medical Properties Trust by 4.1% during the first quarter. Raymond James Financial Inc. now owns 557,066 shares of the real estate investment trust’s stock worth $3,359,000 after purchasing an additional 21,775 shares during the period. Finally, Algert Global LLC acquired a new position in Medical Properties Trust during the first quarter valued at approximately $386,000. 71.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MPW shares. 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. Wells Fargo & Company boosted their price objective on Medical Properties Trust from $4.50 to $5.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Medical Properties Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Reduce” and an average price target of $6.17.

Medical Properties Trust Stock Up 1.8%

MPW stock opened at $5.09 on Friday. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.34. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 2.06. The company has a market cap of $3.06 billion, a PE ratio of -4.31 and a beta of 1.44. The business’s 50-day simple moving average is $5.21 and its 200 day simple moving average is $4.75.

Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $237.52 million during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.16 earnings per share. On average, research analysts anticipate that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Medical Properties Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, December 11th. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.08. Medical Properties Trust’s payout ratio is currently -30.51%.

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.