New York Life Investment Management LLC Has $257,000 Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Posted by on Jun 6th, 2023

New York Life Investment Management LLC increased its holdings in Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,036 shares of the real estate investment trust’s stock after acquiring an additional 1,761 shares during the period. New York Life Investment Management LLC’s holdings in Medical Properties Trust were worth $257,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in shares of Medical Properties Trust by 8.2% in the first quarter. HighTower Advisors LLC now owns 83,236 shares of the real estate investment trust’s stock worth $1,755,000 after purchasing an additional 6,318 shares during the last quarter. AlphaCrest Capital Management LLC lifted its stake in Medical Properties Trust by 147.1% during the 1st quarter. AlphaCrest Capital Management LLC now owns 21,434 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 12,761 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Medical Properties Trust by 15.4% during the 1st quarter. Raymond James Trust N.A. now owns 37,749 shares of the real estate investment trust’s stock worth $798,000 after acquiring an additional 5,046 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Medical Properties Trust by 11.3% in the first quarter. Cibc World Market Inc. now owns 38,588 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 3,922 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Medical Properties Trust by 43.9% during the first quarter. Sei Investments Co. now owns 807,982 shares of the real estate investment trust’s stock valued at $17,067,000 after purchasing an additional 246,411 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp decreased 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. Credit Suisse Group reiterated a “neutral” rating and set a $11.00 price target on shares of Medical Properties Trust in a report on Tuesday, March 7th. Barclays reduced their price objective on Medical Properties Trust from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. Raymond James cut their price target on shares of Medical Properties Trust from $18.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 2nd. Finally, Bank of America downgraded shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Thursday, March 16th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.23.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $8.52 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.15 and a current ratio of 2.15. Medical Properties Trust, Inc. has a fifty-two week low of $7.10 and a fifty-two week high of $17.52. The stock has a market cap of $5.09 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. The stock has a fifty day moving average of $8.15 and a 200-day moving average of $10.35.

Medical Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 13.62%. The ex-dividend date is Wednesday, June 14th. Medical Properties Trust’s 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.

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

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