Vanguard Group Inc. lowered its position in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,979,354 shares of the real estate investment trust's stock after selling 7,948,694 shares during the quarter. Vanguard Group Inc. owned approximately 13.99% of Medical Properties Trust worth $331,718,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Medical Properties Trust in the fourth quarter worth approximately $487,000. Sei Investments Co. grew its position in Medical Properties Trust by 6.6% in the fourth quarter. Sei Investments Co. now owns 39,252 shares of the real estate investment trust's stock worth $155,000 after acquiring an additional 2,438 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Medical Properties Trust by 38.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 321,571 shares of the real estate investment trust's stock worth $1,270,000 after purchasing an additional 89,487 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Medical Properties Trust by 9.2% during the 4th quarter. Advisors Asset Management Inc. now owns 1,493,176 shares of the real estate investment trust's stock valued at $5,898,000 after purchasing an additional 125,919 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Medical Properties Trust by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 475,277 shares of the real estate investment trust's stock valued at $1,877,000 after purchasing an additional 4,058 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.
Medical Properties Trust Price Performance
Shares of NYSE:MPW traded down $0.17 during midday trading on Tuesday, reaching $5.02. 11,234,849 shares of the company's stock were exchanged, compared to its average volume of 13,438,831. The firm has a market capitalization of $3.01 billion, a PE ratio of -1.19, a price-to-earnings-growth ratio of 1.01 and a beta of 1.27. The company's 50 day simple moving average is $5.42 and its two-hundred day simple moving average is $4.82. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38.
Medical Properties Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Monday, March 10th. Medical Properties Trust's payout ratio is -8.42%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. StockNews.com upgraded Medical Properties Trust from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Truist Financial reduced their target price on Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating for the company in a report on Thursday, December 19th. Wells Fargo & Company lifted their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a research 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 stock a "sector perform" rating in a report on Monday, March 10th. Finally, BNP Paribas raised Medical Properties Trust from a "neutral" rating to an "outperform" rating and raised their target price for the company from $5.00 to $9.00 in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.64.
Check Out Our Latest Research Report on MPW
About Medical Properties Trust
(
Free Report)
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.
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