KLP Kapitalforvaltning AS Takes $487,000 Position in Medical Properties Trust, Inc. (NYSE:MPW)

KLP Kapitalforvaltning AS purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 121,100 shares of the real estate investment trust's stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MPW. Quadrature Capital Ltd bought a new stake in Medical Properties Trust during the 3rd quarter valued at approximately $927,000. JPMorgan Chase & Co. boosted its position in shares of Medical Properties Trust by 21.7% in the third quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust's stock valued at $9,973,000 after acquiring an additional 303,628 shares during the period. Versor Investments LP grew its stake 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in Medical Properties Trust by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust's stock worth $34,912,000 after acquiring an additional 118,577 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake 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 valued at $250,000 after purchasing an additional 52,790 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPW has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a research report on Monday, March 10th. 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. StockNews.com upgraded Medical Properties Trust from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. BNP Paribas upgraded Medical Properties Trust from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada raised their target price on Medical Properties Trust from $4.00 to $5.00 and gave the stock a "sector perform" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Medical Properties Trust presently has a consensus rating of "Hold" and a consensus price target of $5.64.

Medical Properties Trust Price Performance

MPW stock traded down $0.17 during trading on Tuesday, hitting $5.02. The company had a trading volume of 11,234,849 shares, compared to its average volume of 13,438,831. The company has a fifty day moving average price of $5.42 and a two-hundred day moving average price of $4.82. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The company has a market cap of $3.01 billion, a P/E ratio of -1.19, a P/E/G ratio of 1.01 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be paid a $0.08 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.32 annualized dividend and a dividend yield of 6.38%. Medical Properties Trust's dividend payout ratio is presently -8.42%.

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.