Swiss National Bank Sells 175,022 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Posted by Defense World Staff on May 12th, 2023

Swiss National Bank reduced its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,425,700 shares of the real estate investment trust’s stock after selling 175,022 shares during the period. Swiss National Bank owned approximately 0.41% of Medical Properties Trust worth $27,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in Medical Properties Trust by 348.8% during the third quarter. Marshall Wace LLP now owns 7,104,051 shares of the real estate investment trust’s stock worth $84,256,000 after acquiring an additional 5,521,226 shares in the last quarter. State Street Corp increased its stake in shares of Medical Properties Trust by 11.7% in the first quarter. State Street Corp now owns 36,158,910 shares of the real estate investment trust’s stock worth $774,593,000 after purchasing an additional 3,800,294 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Medical Properties Trust by 24.5% in the third quarter. Bank of New York Mellon Corp now owns 17,071,940 shares of the real estate investment trust’s stock worth $202,473,000 after purchasing an additional 3,355,195 shares in the last quarter. Heitman Real Estate Securities LLC purchased a new stake in shares of Medical Properties Trust in the third quarter worth $34,536,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Medical Properties Trust by 175.3% in the second quarter. Goldman Sachs Group Inc. now owns 3,850,463 shares of the real estate investment trust’s stock worth $58,797,000 after purchasing an additional 2,451,617 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MPW shares. KeyCorp reduced their price objective on shares of Medical Properties Trust from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, April 4th. StockNews.com initiated coverage on shares of Medical Properties Trust in a research report on Thursday, March 16th. They set a “hold” rating for the company. Stifel Nicolaus dropped their target price on shares of Medical Properties Trust from $14.00 to $12.00 in a research report on Friday, April 28th. Barclays lowered their price objective on shares of Medical Properties Trust from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, April 5th. Finally, Bank of America lowered shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Thursday, March 16th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $13.23.

Medical Properties Trust Price Performance

NYSE:MPW opened at $8.41 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.15 and a quick ratio of 1.92. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.54 and a beta of 0.95. The company has a 50 day moving average price of $8.40 and a 200-day moving average price of $10.80. Medical Properties Trust, Inc. has a 1-year low of $7.10 and a 1-year high of $18.92.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Thursday, June 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 13.79%. The ex-dividend date of this dividend is Wednesday, June 14th. Medical Properties Trust’s payout ratio is presently 232.00%.

About Medical Properties Trust

(Get Rating)

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.