Medical Properties Trust, Inc. (NYSE:MPW) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,912,274 shares of the real estate investment trust's stock after purchasing an additional 86,925 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of Medical Properties Trust worth $11,503,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Medical Properties Trust in the third quarter worth $927,000. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 303,628 shares during the period. Wolverine Asset Management LLC boosted its holdings in Medical Properties Trust by 27.8% during the third quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust's stock worth $3,030,000 after buying an additional 112,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Medical Properties Trust by 353.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust's stock worth $20,625,000 after buying an additional 2,748,245 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Medical Properties Trust in the third quarter valued at about $883,000. Institutional investors and hedge funds own 71.79% of the company's stock.

Medical Properties Trust Trading Down 1.9 %

Shares of NYSE MPW traded down $0.12 on Monday, reaching $5.79. 20,690,925 shares of the company traded hands, compared to its average volume of 13,297,702. 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 50 day moving average of $4.44 and a 200 day moving average of $4.66. The stock has a market capitalization of $3.47 billion, a PE ratio of -1.37, a P/E/G ratio of 1.01 and a beta of 1.32. 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 declared 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 of this dividend is Monday, March 10th. This represents a $0.32 annualized dividend and a yield of 5.53%. Medical Properties Trust's dividend payout ratio is presently -7.58%.

Insider Transactions at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total transaction of $43,304.52. Following the transaction, the chief accounting officer now directly owns 366,913 shares of the company's stock, valued at $1,364,916.36. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MPW. Truist Financial reduced their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating on the stock in a report on Thursday, December 19th. Mizuho lowered their target price on Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $4.92.

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.