abrdn plc lowered its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,823 shares of the real estate investment trust’s stock after selling 14,072 shares during the quarter. abrdn plc’s holdings in Medical Properties Trust were worth $1,424,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Medical Properties Trust by 0.6% during the third quarter. Vanguard Group Inc. now owns 87,449,640 shares of the real estate investment trust’s stock worth $1,037,153,000 after acquiring an additional 550,802 shares during the period. State Street Corp boosted its stake in Medical Properties Trust by 11.7% during 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 buying an additional 3,800,294 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Medical Properties Trust by 13.2% during the fourth quarter. Principal Financial Group Inc. now owns 20,044,006 shares of the real estate investment trust’s stock worth $223,290,000 after buying an additional 2,330,812 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Medical Properties Trust by 24.5% during 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 buying an additional 3,355,195 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in Medical Properties Trust by 11.1% during the third quarter. Centersquare Investment Management LLC now owns 10,715,044 shares of the real estate investment trust’s stock worth $127,081,000 after buying an additional 1,074,541 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MPW. Wells Fargo & Company began coverage on shares of Medical Properties Trust in a research note on Wednesday, April 19th. They issued an “equal weight” rating and a $9.00 target price on the stock. StockNews.com started coverage on shares of Medical Properties Trust in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Truist Financial upped their price target on shares of Medical Properties Trust from $8.00 to $9.00 in a research report on Friday, March 31st. KeyCorp reduced their price target on shares of 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 dropped their price objective on 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 investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $13.23.
Medical Properties Trust Trading Down 0.3 %
Medical Properties Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 14.72%. The ex-dividend date of this dividend is Wednesday, June 14th. Medical Properties Trust’s dividend payout ratio (DPR) is currently 232.00%.
Medical Properties Trust Company Profile
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.
Read More
- Get a free copy of the StockNews.com research report on Medical Properties Trust (MPW)
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