Wolverine Asset Management LLC Trims Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Posted by on Apr 23rd, 2023

Wolverine Asset Management LLC reduced its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 89.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,342 shares of the real estate investment trust’s stock after selling 107,437 shares during the quarter. Wolverine Asset Management LLC’s holdings in Medical Properties Trust were worth $149,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Medical Properties Trust by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 160,100 shares of the real estate investment trust’s stock valued at $1,784,000 after purchasing an additional 800 shares during the last quarter. Optimum Investment Advisors increased its holdings in Medical Properties Trust by 4.5% in the 3rd quarter. Optimum Investment Advisors now owns 23,503 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 1,005 shares during the period. L.M. Kohn & Company raised its position in Medical Properties Trust by 7.8% during the 3rd quarter. L.M. Kohn & Company now owns 14,112 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 1,027 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Medical Properties Trust by 69.9% in the 4th quarter. Allworth Financial LP now owns 2,528 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Bristlecone Advisors LLC boosted its holdings in shares of Medical Properties Trust by 2.7% in the 3rd quarter. Bristlecone Advisors LLC now owns 43,120 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 1,142 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors.

Medical Properties Trust Stock Up 1.0 %

MPW opened at $8.31 on Friday. The company has a market cap of $4.97 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. Medical Properties Trust, Inc. has a twelve month low of $7.10 and a twelve month high of $19.97. The company has a 50-day moving average price of $9.33 and a 200 day moving average price of $11.04. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.19.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Thursday, March 16th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 13.96%. Medical Properties Trust’s payout ratio is currently 77.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Credit Suisse Group restated a “neutral” rating and set a $11.00 target price on shares of Medical Properties Trust in a research report on Tuesday, March 7th. Truist Financial upped their target price on Medical Properties Trust from $8.00 to $9.00 in a research note on Friday, March 31st. Raymond James reduced 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 report on Thursday, March 2nd. KeyCorp lowered their price objective on Medical Properties Trust from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 4th. Finally, Barclays cut their target price on shares of Medical Properties Trust from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.33.

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.

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Institutional Ownership by Quarter for Medical Properties Trust (NYSE:MPW)

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