B. Riley Wealth Advisors Inc. Cuts Stake in Medical Properties Trust, Inc. (NYSE:MPW)

B. Riley Wealth Advisors Inc. lowered its position in Medical Properties Trust, Inc. (NYSE:MPW) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,089 shares of the real estate investment trust’s stock after selling 8,714 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Medical Properties Trust were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Medical Properties Trust by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,058,339 shares of the real estate investment trust’s stock worth $44,476,000 after buying an additional 448,118 shares in the last quarter. Coatue Management LLC lifted its position in Medical Properties Trust by 18.5% in the fourth quarter. Coatue Management LLC now owns 6,806,501 shares of the real estate investment trust’s stock valued at $33,420,000 after purchasing an additional 1,060,830 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its position in Medical Properties Trust by 6.5% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 5,395,068 shares of the real estate investment trust’s stock valued at $26,490,000 after purchasing an additional 329,224 shares during the last quarter. Norges Bank bought a new stake in Medical Properties Trust in the fourth quarter valued at approximately $25,655,000. Finally, Legal & General Group Plc lifted its position in Medical Properties Trust by 0.3% in the third quarter. Legal & General Group Plc now owns 4,852,620 shares of the real estate investment trust’s stock valued at $26,447,000 after purchasing an additional 13,585 shares during the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MPW. StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Truist Financial boosted their price objective on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price for the company in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and upped their target price for the company from $2.00 to $5.00 in a report on Wednesday, April 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $5.00 target price on shares of Medical Properties Trust in a report on Tuesday, May 14th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.80.

Medical Properties Trust Trading Down 7.3 %

Medical Properties Trust stock opened at $4.32 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.10 and a quick ratio of 3.10. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $10.74. The stock has a market capitalization of $2.59 billion, a PE ratio of -1.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The business’s fifty day moving average is $4.93 and its 200 day moving average is $4.39.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be given a $0.15 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.60 annualized dividend and a yield of 13.89%. Medical Properties Trust’s payout ratio is -27.03%.

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.