Legal & General Group Plc Decreases Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Legal & General Group Plc lowered its stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,205,687 shares of the real estate investment trust's stock after selling 448,042 shares during the quarter. Legal & General Group Plc owned 0.70% of Medical Properties Trust worth $16,612,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Allworth Financial LP increased its holdings in shares of Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 4,241 shares in the last quarter. RFG Advisory LLC bought a new stake in Medical Properties Trust during the 4th quarter valued at $40,000. Silver Oak Securities Incorporated bought a new stake in Medical Properties Trust during the 4th quarter valued at $40,000. Verus Capital Partners LLC acquired a new position in Medical Properties Trust during the fourth quarter worth $40,000. Finally, RS Crum Inc. bought a new position in shares of Medical Properties Trust in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 71.79% of the company's stock.

Medical Properties Trust Price Performance

Shares of MPW traded up $0.06 during mid-day trading on Friday, reaching $5.45. 8,777,950 shares of the stock traded hands, compared to its average volume of 13,195,542. 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, Inc. has a 1 year low of $3.51 and a 1 year high of $6.55. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -1.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.27. The firm has a fifty day moving average price of $5.51 and a 200 day moving average price of $4.80.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend was Monday, March 10th. Medical Properties Trust's dividend payout ratio is currently -8.42%.

Wall Street Analysts Forecast Growth

MPW has been the subject of several recent research reports. StockNews.com raised shares of Medical Properties Trust from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Royal Bank of Canada increased their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the stock a "sector perform" rating in a research note on Monday, March 10th. Wells Fargo & Company lifted their target price on Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a research report on Monday, March 10th. Finally, BNP Paribas raised Medical Properties Trust from a "neutral" rating to an "outperform" rating and increased their price target for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of "Hold" and an average target price of $5.75.

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.