Arizona State Retirement System Trims Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Arizona State Retirement System decreased its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 167,278 shares of the real estate investment trust’s stock after selling 3,077 shares during the period. Arizona State Retirement System’s holdings in Medical Properties Trust were worth $821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MPW. Advisors Asset Management Inc. purchased a new stake in shares of Medical Properties Trust in the 3rd quarter worth approximately $28,000. Tucker Asset Management LLC grew its stake in shares of Medical Properties Trust by 2,447.6% in the 3rd quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 7,661 shares during the last quarter. Riverview Trust Co grew its stake in shares of Medical Properties Trust by 313.8% in the 3rd quarter. Riverview Trust Co now owns 9,128 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 6,922 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Medical Properties Trust by 1,247.4% in the 4th quarter. Harbour Investments Inc. now owns 4,608 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 4,266 shares during the last quarter. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of Medical Properties Trust in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Trading Up 3.2 %

Shares of MPW stock opened at $4.77 on Thursday. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $10.74. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market capitalization of $2.86 billion, a PE ratio of -5.07, a PEG ratio of 1.41 and a beta of 1.20. The stock has a fifty day simple moving average of $4.14 and a two-hundred day simple moving average of $4.37.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 12.58%. Medical Properties Trust’s payout ratio is presently -63.83%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada cut their price target on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Mizuho cut their target price on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 3rd. StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Truist Financial increased their target price on Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a research note on Monday, April 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Medical Properties Trust in a research note on Friday, January 5th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Medical Properties Trust has a consensus rating of “Hold” and an average price target of $5.75.

About Medical Properties Trust

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.