US Bancorp DE boosted its stake in Medical Properties Trust, Inc. (NYSE:MPW – Free Report) by 140.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,609 shares of the real estate investment trust’s stock after purchasing an additional 47,738 shares during the quarter. US Bancorp DE’s holdings in Medical Properties Trust were worth $384,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MPW. Pacer Advisors Inc. increased its holdings in shares of Medical Properties Trust by 79.4% in the 4th quarter. Pacer Advisors Inc. now owns 90,051 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 39,856 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Medical Properties Trust in the 4th quarter worth about $109,000. Accel Wealth Management bought a new stake in shares of Medical Properties Trust in the 4th quarter worth about $106,000. Caprock Group LLC bought a new stake in shares of Medical Properties Trust in the 4th quarter worth about $68,000. Finally, Wilsey Asset Management Inc. increased its holdings in shares of Medical Properties Trust by 6.7% in the 4th quarter. Wilsey Asset Management Inc. now owns 1,801,829 shares of the real estate investment trust’s stock worth $8,847,000 after buying an additional 113,330 shares during the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.
Medical Properties Trust Price Performance
Shares of MPW opened at $5.20 on Friday. The company has a 50 day moving average price of $4.83 and a 200-day moving average price of $4.33. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $10.74. The stock has a market capitalization of $3.12 billion, a PE ratio of -2.34, a PEG ratio of 0.70 and a beta of 1.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.10 and a current ratio of 3.10.
Medical Properties Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 11.54%. Medical Properties Trust’s payout ratio is presently -27.03%.
Analysts Set New Price Targets
MPW has been the topic of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $5.00 target price on shares of Medical Properties Trust in a report on Tuesday, May 14th. StockNews.com downgraded shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. BNP Paribas downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.00 to $4.00 in a report on Tuesday, July 2nd. Colliers Securities downgraded shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $4.25 in a report on Wednesday, April 10th. Finally, Truist Financial upped their price target on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Medical Properties Trust currently has an average rating of “Hold” and a consensus target price of $5.61.
View Our Latest Stock Analysis on MPW
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.
Featured Stories
Receive News & Ratings for Medical Properties Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Medical Properties Trust and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
