PFG Investments LLC Takes Position in Medical Properties Trust, Inc. (NYSE:MPW)

PFG Investments LLC bought a new stake in Medical Properties Trust, Inc. (NYSE:MPW) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 88,656 shares of the real estate investment trust’s stock, valued at approximately $417,000.

A number of other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in Medical Properties Trust in the fourth quarter valued at about $25,655,000. Deutsche Bank AG boosted its holdings in Medical Properties Trust by 880.2% in the third quarter. Deutsche Bank AG now owns 3,951,543 shares of the real estate investment trust’s stock valued at $21,536,000 after purchasing an additional 3,548,423 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Medical Properties Trust by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,610,221 shares of the real estate investment trust’s stock valued at $46,926,000 after purchasing an additional 1,989,853 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Medical Properties Trust by 517.0% during the 4th quarter. BNP Paribas Financial Markets now owns 2,150,378 shares of the real estate investment trust’s stock worth $10,558,000 after buying an additional 1,801,858 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its holdings in Medical Properties Trust by 49.6% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 5,065,844 shares of the real estate investment trust’s stock worth $27,609,000 after buying an additional 1,680,200 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Analyst Upgrades and Downgrades

MPW has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Medical Properties Trust in a report on Friday, January 5th. Royal Bank of Canada reduced their target price on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. BNP Paribas raised Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Friday, March 1st. Mizuho reduced their target price on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, January 3rd. Finally, StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Medical Properties Trust presently has an average rating of “Hold” and a consensus price target of $5.75.

Medical Properties Trust Stock Performance

MPW traded down $0.18 during trading hours on Tuesday, hitting $4.60. The company’s stock had a trading volume of 10,534,110 shares, compared to its average volume of 21,850,986. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $10.74. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $2.76 billion, a PE ratio of -4.89, a PEG ratio of 1.36 and a beta of 1.20. The company has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $4.32.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 13.04%. The ex-dividend date is Friday, April 19th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -63.83%.

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.