Raymond James Financial Inc. Makes New Investment in Medical Properties Trust, Inc. (NYSE:MPW)

Raymond James Financial Inc. purchased a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 535,291 shares of the real estate investment trust's stock, valued at approximately $2,114,000. Raymond James Financial Inc. owned 0.09% of Medical Properties Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of Medical Properties Trust in the 3rd quarter worth about $927,000. JPMorgan Chase & Co. grew its stake in Medical Properties Trust by 21.7% during the third quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust's stock worth $9,973,000 after buying an additional 303,628 shares during the period. Versor Investments LP increased its position in shares of Medical Properties Trust by 192.3% in the fourth quarter. Versor Investments LP now owns 285,000 shares of the real estate investment trust's stock worth $1,126,000 after acquiring an additional 187,500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Medical Properties Trust by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust's stock valued at $34,912,000 after acquiring an additional 118,577 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in Medical Properties Trust by 506.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 63,207 shares of the real estate investment trust's stock worth $250,000 after purchasing an additional 52,790 shares during the period. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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Medical Properties Trust Stock Performance

NYSE:MPW traded down $0.12 during trading hours on Thursday, reaching $5.80. 2,735,529 shares of the stock were exchanged, compared to its average volume of 12,160,999. The stock has a market capitalization of $3.48 billion, a P/E ratio of -1.37, a P/E/G ratio of 1.01 and a beta of 1.27. The firm has a 50 day simple moving average of $5.35 and a 200-day simple moving average of $4.85. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. Medical Properties Trust, Inc. has a 52 week low of $3.51 and a 52 week high of $6.55.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 10th. This represents a $0.32 annualized dividend and a yield of 5.52%. Medical Properties Trust's payout ratio is -8.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MPW shares. BNP Paribas raised Medical Properties Trust from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $5.00 to $9.00 in a research report on Wednesday, March 12th. Mizuho lowered 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. Truist Financial decreased their price objective on shares of Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company raised their target price on Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a research note on Monday, March 10th. Finally, StockNews.com upgraded Medical Properties Trust from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.64.

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.