Healthcare of Ontario Pension Plan Trust Fund Sells 235,583 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Posted by Defense World Staff on Mar 2nd, 2023

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 85.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,387 shares of the real estate investment trust’s stock after selling 235,583 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Medical Properties Trust were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Medical Properties Trust by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 87,046,765 shares of the real estate investment trust’s stock valued at $1,840,168,000 after acquiring an additional 496,833 shares in the last quarter. State Street Corp lifted its holdings in shares of Medical Properties Trust by 11.7% during the 1st quarter. State Street Corp now owns 36,158,910 shares of the real estate investment trust’s stock valued at $774,593,000 after buying an additional 3,800,294 shares during the period. Legal & General Group Plc lifted its holdings in shares of Medical Properties Trust by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 6,045,730 shares of the real estate investment trust’s stock valued at $92,318,000 after buying an additional 548,647 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Medical Properties Trust by 22.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,906,418 shares of the real estate investment trust’s stock valued at $58,190,000 after buying an additional 890,403 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Medical Properties Trust by 2.0% during the 3rd quarter. LSV Asset Management now owns 4,088,014 shares of the real estate investment trust’s stock valued at $48,484,000 after buying an additional 80,291 shares during the period. 80.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPW has been the topic of several research analyst reports. Credit Suisse Group lowered their price target on Medical Properties Trust from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, February 24th. Bank of America upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $16.00 in a research note on Monday, November 14th. They noted that the move was a valuation call. Barclays reduced their price objective on Medical Properties Trust from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday. Mizuho reduced their price objective on Medical Properties Trust from $20.00 to $18.00 in a research note on Friday, December 2nd. Finally, KeyCorp cut their price target on Medical Properties Trust from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, January 19th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.09.

Medical Properties Trust Trading Down 2.2 %

MPW opened at $10.07 on Thursday. The firm has a market cap of $6.02 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.63 and a beta of 0.93. Medical Properties Trust, Inc. has a 12 month low of $9.87 and a 12 month high of $21.63. The company has a current ratio of 1.92, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average of $12.26 and a 200 day moving average of $12.52.

Medical Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, March 16th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.16 annualized dividend and a dividend yield of 11.52%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 77.33%.

Medical Properties Trust Company Profile

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Medical Properties Trust, Inc is a self-advised real estate investment trust, engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals, long-term acute care hospitals, ambulatory surgery centers, hospitals for women and children, regional and community hospitals, medical office buildings, and other single-discipline facilities.