Resona Asset Management Co. Ltd. Invests $894,000 in Medical Properties Trust, Inc. (NYSE:MPW)

Resona Asset Management Co. Ltd. acquired 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. The firm acquired 238,399 shares of the real estate investment trust's stock, valued at approximately $894,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of Medical Properties Trust by 31.3% during the third quarter. Integrated Wealth Concepts LLC now owns 21,404 shares of the real estate investment trust's stock valued at $125,000 after acquiring an additional 5,099 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Medical Properties Trust by 35.2% during the 3rd quarter. Quantinno Capital Management LP now owns 31,992 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 8,338 shares during the last quarter. Zacks Investment Management purchased a new position in shares of Medical Properties Trust in the third quarter worth $104,000. Y Intercept Hong Kong Ltd bought a new position in shares of Medical Properties Trust during the third quarter valued at $61,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Medical Properties Trust by 1.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 771,000 shares of the real estate investment trust's stock worth $4,510,000 after buying an additional 8,300 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Stock Performance

NYSE MPW traded up $0.03 on Wednesday, reaching $5.47. 999,411 shares of the stock were exchanged, compared to its average volume of 12,369,984. 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 one year low of $3.51 and a one year high of $6.55. The company's 50-day simple moving average is $5.48 and its two-hundred day simple moving average is $4.80. The firm has a market capitalization of $3.28 billion, a PE ratio of -1.30, a PEG ratio of 1.01 and a beta of 1.27.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend was Monday, March 10th. Medical Properties Trust's dividend payout ratio (DPR) is -8.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MPW. Royal Bank of Canada increased their price objective on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company a "sector perform" rating in a research report on Monday, March 10th. Truist Financial dropped their price target on Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, December 19th. StockNews.com raised Medical Properties Trust from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Wells Fargo & Company boosted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a research note on Monday, March 10th. Finally, BNP Paribas raised shares of Medical Properties Trust from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $5.00 to $9.00 in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $5.64.

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.