Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Commonwealth Equity Services LLC

Posted by Defense World Staff on Mar 9th, 2023

Commonwealth Equity Services LLC lessened its stake in Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 318,621 shares of the real estate investment trust’s stock after selling 7,674 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Medical Properties Trust worth $3,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $26,000. CNB Bank acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $29,000. Ronald Blue Trust Inc. acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $39,000. Exchange Traded Concepts LLC acquired a new position in shares of Medical Properties Trust in the 3rd quarter valued at about $41,000. Finally, Ellevest Inc. lifted its holdings in shares of Medical Properties Trust by 311.4% in the 3rd quarter. Ellevest Inc. now owns 3,904 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,955 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Medical Properties Trust Price Performance

NYSE:MPW opened at $10.08 on Thursday. Medical Properties Trust, Inc. has a 12 month low of $9.87 and a 12 month high of $21.63. The stock has a 50 day moving average of $12.15 and a two-hundred day moving average of $12.29. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.19. The firm has a market cap of $6.03 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 0.62 and a beta of 0.96.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 16th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.51%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 77.33%.

Analyst Ratings Changes

Several equities analysts recently weighed in on MPW shares. Credit Suisse Group restated a “neutral” rating and issued a $11.00 price target on shares of Medical Properties Trust in a research note on Tuesday. 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. Raymond James cut their price target on Medical Properties Trust from $18.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 2nd. Mizuho cut their price target on Medical Properties Trust from $20.00 to $18.00 in a research note on Friday, December 2nd. Finally, Bank of America upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.00 to $16.00 in a research note on Monday, November 14th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.36.

Medical Properties Trust 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.