California Public Employees Retirement System Sells 326,620 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

California Public Employees Retirement System reduced its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 30.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 759,148 shares of the real estate investment trust's stock after selling 326,620 shares during the period. California Public Employees Retirement System owned about 0.13% of Medical Properties Trust worth $2,999,000 as of its most recent filing with the SEC.

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

Medical Properties Trust Trading Up 2.7 %

MPW traded up $0.15 during trading on Monday, hitting $5.43. 484,656 shares of the stock traded hands, compared to its average volume of 13,400,324. The firm has a 50-day moving average of $5.46 and a 200 day moving average of $4.80. Medical Properties Trust, Inc. has a 12-month low of $3.51 and a 12-month high of $6.55. The firm has a market capitalization of $3.26 billion, a P/E ratio of -1.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.27. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38.

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Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 10th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.32 annualized dividend and a dividend yield of 5.90%. Medical Properties Trust's payout ratio is presently -8.42%.

Analysts Set New Price Targets

MPW has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Monday, March 10th. BNP Paribas upgraded Medical Properties Trust from a "neutral" rating to an "outperform" rating and raised their price target for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. Truist Financial cut their price objective 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. Royal Bank of Canada raised their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the company a "sector perform" rating in a report on Monday, March 10th. Finally, StockNews.com raised 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 issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $5.64.

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.