Russell Investments Group Ltd. Sells 71,706 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Russell Investments Group Ltd. lessened its position in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 60.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,423 shares of the real estate investment trust's stock after selling 71,706 shares during the quarter. Russell Investments Group Ltd.'s holdings in Medical Properties Trust were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Medical Properties Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 10,742,446 shares of the real estate investment trust's stock valued at $42,446,000 after purchasing an additional 58,828 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Medical Properties Trust by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust's stock valued at $34,912,000 after buying an additional 118,577 shares during the period. Wilsey Asset Management Inc. boosted its stake in Medical Properties Trust by 8.5% during the 4th quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust's stock worth $18,379,000 after acquiring an additional 362,582 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Medical Properties Trust by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 2,912,274 shares of the real estate investment trust's stock valued at $11,503,000 after buying an additional 86,925 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Medical Properties Trust by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,782,664 shares of the real estate investment trust's stock valued at $7,042,000 after acquiring an additional 77,879 shares during the period. 71.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPW has been the topic of a number of research reports. BNP Paribas upgraded Medical Properties Trust from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $5.00 to $9.00 in a report on Wednesday, March 12th. Wells Fargo & Company lifted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Monday, March 10th. Royal Bank of Canada upped 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 report on Monday, March 10th. Finally, StockNews.com raised Medical Properties Trust from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $5.75.

Medical Properties Trust Price Performance

NYSE MPW traded down $0.01 on Tuesday, hitting $5.49. 8,514,659 shares of the company's stock were exchanged, compared to its average volume of 13,052,644. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -1.30, a P/E/G ratio of 1.01 and a beta of 1.27. 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 52 week low of $3.51 and a 52 week high of $6.55. The stock has a 50-day moving average of $5.58 and a 200-day moving average of $4.79.

Medical Properties Trust Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.32 annualized dividend and a dividend yield of 5.83%. Medical Properties Trust's dividend payout ratio (DPR) is presently -8.42%.

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.