Daily Flux Report

Centiva Capital LP Reduces Holdings in Medical Properties Trust, Inc. (NYSE:MPW)


Centiva Capital LP Reduces Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Centiva Capital LP lowered its position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 62.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 192,027 shares of the real estate investment trust's stock after selling 313,493 shares during the quarter. Centiva Capital LP's holdings in Medical Properties Trust were worth $1,123,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new stake in Medical Properties Trust during the third quarter worth approximately $526,000. Kestra Investment Management LLC acquired a new stake in Medical Properties Trust during the third quarter worth approximately $883,000. Lavaca Capital LLC acquired a new stake in Medical Properties Trust during the third quarter worth approximately $95,000. Silver Point Capital L.P. boosted its position in Medical Properties Trust by 155.3% during the third quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust's stock worth $35,100,000 after acquiring an additional 3,650,000 shares during the last quarter. Finally, Waterfront Capital Partners LLC acquired a new stake in Medical Properties Trust during the third quarter worth approximately $1,465,000. Institutional investors and hedge funds own 71.79% of the company's stock.

A number of analysts recently issued reports on MPW shares. Colliers Securities upgraded shares of Medical Properties Trust from a "neutral" rating to a "buy" rating and set a $6.50 target price on the stock in a research report on Friday, September 13th. Truist Financial lifted their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a "hold" rating in a report on Friday, September 13th. Finally, Wolfe Research upgraded shares of Medical Properties Trust to a "hold" rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.58.

Check Out Our Latest Research Report on MPW

In related news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total transaction of $178,978.80. Following the sale, the director now owns 221,245 shares of the company's stock, valued at $1,207,997.70. The trade was a 12.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the purchase, the director now directly owns 76,740 shares in the company, valued at $461,207.40. This trade represents a 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.53% of the stock is currently owned by insiders.

NYSE:MPW opened at $4.21 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -1.00, a PEG ratio of 0.66 and a beta of 1.29. The firm's fifty day simple moving average is $4.76 and its 200 day simple moving average is $4.86. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 7.61%. Medical Properties Trust's payout ratio is -7.58%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Medical Properties Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Medical Properties Trust wasn't on the list.

While Medical Properties Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

Previous articleNext article

POPULAR CATEGORY

corporate

4601

tech

4993

entertainment

5657

research

2559

misc

5853

wellness

4450

athletics

5962