Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 53.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 38,516 shares of the real estate investment trust’s stock after selling 44,446 shares during the period. US Bancorp DE’s holdings in Medical Properties Trust were worth $152,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Indie Asset Partners LLC boosted its stake in Medical Properties Trust by 16.7% in the 4th quarter. Indie Asset Partners LLC now owns 15,384 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 2,204 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Medical Properties Trust by 2.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 111,490 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 2,948 shares during the last quarter. Vanderbilt University boosted its stake in Medical Properties Trust by 7.5% in the 4th quarter. Vanderbilt University now owns 44,813 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 3,117 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Medical Properties Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 60,065 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 3,266 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Medical Properties Trust by 23.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 17,606 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 3,294 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Stock Performance

Shares of NYSE:MPW opened at $5.87 on Friday. The company has a market cap of $3.52 billion, a P/E ratio of -1.39, a PEG ratio of 1.01 and a beta of 1.32. 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, Inc. has a one year low of $3.51 and a one year high of $6.55. The business’s 50-day simple moving average is $4.83 and its 200 day simple moving average is $4.74.

Medical Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, March 10th. This represents a $0.32 annualized dividend and a dividend yield of 5.46%. Medical Properties Trust’s payout ratio is currently -8.42%.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following the sale, the chief accounting officer now directly owns 366,913 shares in the company, valued at $1,364,916.36. The trade was a 3.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

MPW has been the topic of a number of research analyst reports. StockNews.com raised Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Truist Financial cut their price objective on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada raised their price objective 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. BNP Paribas upgraded 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 report on Wednesday. Finally, Mizuho cut their price objective on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock 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.