Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC cut its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,985 shares of the real estate investment trust's stock after selling 50,045 shares during the period. TrueMark Investments LLC's holdings in Medical Properties Trust were worth $99,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MPW. Charles Schwab Investment Management Inc. increased its holdings in Medical Properties Trust by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust's stock worth $34,912,000 after buying an additional 118,577 shares during the period. Silver Point Capital L.P. boosted its holdings in shares of Medical Properties Trust by 155.3% in the 3rd quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust's stock valued at $35,100,000 after acquiring an additional 3,650,000 shares during the last quarter. Wilsey Asset Management Inc. raised its holdings in shares of Medical Properties Trust by 8.5% during the fourth quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust's stock worth $18,379,000 after purchasing an additional 362,582 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 valued at $20,625,000 after purchasing an additional 2,748,245 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Medical Properties Trust by 3.1% during 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 last quarter. Hedge funds and other institutional investors own 71.79% of the company's stock.

Remove Ads

Medical Properties Trust Stock Down 0.1 %

MPW opened at $6.04 on Tuesday. The company has a market cap of $3.62 billion, a PE ratio of -1.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55. The company has a 50-day moving average price of $5.29 and a 200 day moving average price of $4.84. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be given a $0.08 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.32 annualized dividend and a dividend yield of 5.30%. Medical Properties Trust's dividend payout ratio (DPR) is presently -8.42%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MPW. 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 research note on Wednesday, March 12th. Truist Financial dropped 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 research report on Thursday, December 19th. Mizuho decreased their price objective on shares of Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. Wells Fargo & Company raised their target price on Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada upped their price target on Medical Properties Trust from $4.00 to $5.00 and gave the stock a "sector perform" rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $5.64.

Medical Properties Trust 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.