Principal Financial Group Inc. Has $16.53 Million Position in Medical Properties Trust, Inc. (NYSE:MPW)

Principal Financial Group Inc. trimmed its position in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,825,349 shares of the real estate investment trust's stock after selling 122,055 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Medical Properties Trust worth $16,528,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Medical Properties Trust by 27.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,712 shares of the real estate investment trust's stock valued at $187,000 after acquiring an additional 8,611 shares during the period. SG Americas Securities LLC grew its position in Medical Properties Trust by 252.8% in the first quarter. SG Americas Securities LLC now owns 144,578 shares of the real estate investment trust's stock valued at $680,000 after acquiring an additional 103,597 shares during the period. QRG Capital Management Inc. grew its position in Medical Properties Trust by 22.4% in the first quarter. QRG Capital Management Inc. now owns 91,599 shares of the real estate investment trust's stock valued at $431,000 after acquiring an additional 16,793 shares during the period. US Bancorp DE grew its position in Medical Properties Trust by 140.9% in the first quarter. US Bancorp DE now owns 81,609 shares of the real estate investment trust's stock valued at $384,000 after acquiring an additional 47,738 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Medical Properties Trust by 13.2% in the first quarter. Avantax Advisory Services Inc. now owns 38,680 shares of the real estate investment trust's stock valued at $182,000 after acquiring an additional 4,504 shares during the period. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPW has been the topic of several research analyst reports. Truist Financial increased their target price on Medical Properties Trust from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Friday, September 13th. Wolfe Research upgraded Medical Properties Trust to a "hold" rating in a report on Monday, September 23rd. Finally, Colliers Securities upgraded Medical Properties Trust from a "neutral" rating to a "buy" rating and set a $6.50 target price on the stock in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $5.50.

Medical Properties Trust Trading Up 0.7 %

Medical Properties Trust stock traded up $0.03 during mid-day trading on Friday, hitting $4.31. The stock had a trading volume of 6,835,844 shares, compared to its average volume of 16,833,252. The stock has a 50-day simple moving average of $5.14 and a two-hundred day simple moving average of $4.91. The stock has a market capitalization of $2.59 billion, a PE ratio of -1.02, a P/E/G ratio of 0.68 and a beta of 1.32. Medical Properties Trust, Inc. has a 12 month low of $2.92 and a 12 month high of $6.55. The company has a current ratio of 2.38, a quick ratio of 2.93 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 9th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.42%. The ex-dividend date was Monday, September 9th. Medical Properties Trust's payout ratio is -7.58%.

Insider Buying and Selling at Medical Properties Trust

In other news, Director Michael G. Stewart sold 32,780 shares of the firm's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the sale, the director now owns 221,245 shares of the company's stock, valued at $1,207,997.70. This trade represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company's stock, valued at $461,207.40. This trade represents a 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.53% of the company's stock.

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.