Wealthfront Advisers LLC Invests $225,000 in Medical Properties Trust, Inc. (NYSE:MPW)

Wealthfront Advisers LLC purchased a new position in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 56,914 shares of the real estate investment trust's stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPW. Allworth Financial LP lifted its position in shares of Medical Properties Trust by 230.4% in the 4th quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 4,241 shares during the period. Truvestments Capital LLC acquired a new position in shares of Medical Properties Trust during the 3rd quarter valued at $31,000. RFG Advisory LLC acquired a new position in shares of Medical Properties Trust during the 4th quarter valued at $40,000. Silver Oak Securities Incorporated acquired a new position in shares of Medical Properties Trust during the 4th quarter valued at $40,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Medical Properties Trust during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 71.79% of the company's stock.

Insider Transactions at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now owns 366,913 shares in the company, valued at $1,364,916.36. This represents a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.53% of the company's stock.

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Medical Properties Trust Stock Up 0.9 %

MPW traded up $0.06 during trading on Friday, hitting $6.00. 14,621,221 shares of the company's stock were exchanged, compared to its average volume of 13,579,829. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The business's 50 day moving average is $5.00 and its two-hundred day moving average is $4.78. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The stock has a market cap of $3.60 billion, a P/E ratio of -1.42, a PEG ratio of 1.01 and a beta of 1.32.

Medical Properties Trust Announces Dividend

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 paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.32 annualized dividend and a dividend yield of 5.34%. Medical Properties Trust's payout ratio is -8.42%.

Analysts Set New Price Targets

MPW has been the topic of a number of research reports. Mizuho dropped their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. BNP Paribas upgraded shares of Medical Properties Trust from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. Royal Bank of Canada boosted their target price 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 target price 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. Finally, Wells Fargo & Company boosted their target price 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. One 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.64.

Medical Properties Trust Company 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.