Mirae Asset Global Investments Co. Ltd. Reduces Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Posted by on May 27th, 2023

Mirae Asset Global Investments Co. Ltd. reduced its position in Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 50.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,355 shares of the real estate investment trust’s stock after selling 205,554 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Medical Properties Trust were worth $2,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPW. Arizona State Retirement System boosted its position in shares of Medical Properties Trust by 2.9% in the 4th quarter. Arizona State Retirement System now owns 169,552 shares of the real estate investment trust’s stock worth $1,889,000 after buying an additional 4,784 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in shares of Medical Properties Trust during the 4th quarter worth approximately $114,000. United Services Automobile Association lifted its stake in Medical Properties Trust by 3.0% in the 3rd quarter. United Services Automobile Association now owns 65,728 shares of the real estate investment trust’s stock valued at $779,000 after buying an additional 1,884 shares in the last quarter. Pallas Capital Advisors LLC increased its position in Medical Properties Trust by 8.8% during the third quarter. Pallas Capital Advisors LLC now owns 129,099 shares of the real estate investment trust’s stock worth $1,433,000 after buying an additional 10,463 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Medical Properties Trust by 26.0% in the 4th quarter. Capital Investment Advisors LLC now owns 578,808 shares of the real estate investment trust’s stock valued at $6,448,000 after purchasing an additional 119,350 shares during the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPW has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of Medical Properties Trust in a research note on Wednesday, April 19th. They set an “equal weight” rating and a $9.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of Medical Properties Trust from $14.00 to $12.00 in a research note on Friday, April 28th. Credit Suisse Group reissued a “neutral” rating and set a $11.00 price target on shares of Medical Properties Trust in a research note on Tuesday, March 7th. Bank of America lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Thursday, March 16th. Finally, Barclays reduced their target price on Medical Properties Trust from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 5th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.23.

Medical Properties Trust Stock Performance

Shares of MPW stock opened at $7.92 on Friday. The company’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $10.54. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.24. Medical Properties Trust, Inc. has a 52 week low of $7.10 and a 52 week high of $18.92. The company has a market cap of $4.74 billion, a PE ratio of 15.84, a P/E/G ratio of 0.49 and a beta of 0.95.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.16 annualized dividend and a dividend yield of 14.65%. Medical Properties Trust’s dividend payout ratio is presently 232.00%.

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.

Further Reading

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

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