Signaturefd LLC Lowers Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Posted by Defense World Staff on Jul 24th, 2023

Signaturefd LLC reduced its position in shares of Medical Properties Trust, Inc. (NYSE:MPW – Free Report) by 34.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,297 shares of the real estate investment trust’s stock after selling 10,730 shares during the period. Signaturefd LLC’s holdings in Medical Properties Trust were worth $167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MPW. Avantax Advisory Services Inc. boosted its holdings in Medical Properties Trust by 4.4% in the first quarter. Avantax Advisory Services Inc. now owns 32,460 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 1,357 shares during the period. abrdn plc boosted its holdings in Medical Properties Trust by 4.7% in the first quarter. abrdn plc now owns 133,810 shares of the real estate investment trust’s stock valued at $1,100,000 after purchasing an additional 5,987 shares during the period. Ameritas Advisory Services LLC boosted its holdings in Medical Properties Trust by 9.8% in the first quarter. Ameritas Advisory Services LLC now owns 93,364 shares of the real estate investment trust’s stock valued at $762,000 after purchasing an additional 8,364 shares during the period. SG Americas Securities LLC boosted its holdings in Medical Properties Trust by 55.2% in the first quarter. SG Americas Securities LLC now owns 90,386 shares of the real estate investment trust’s stock valued at $743,000 after purchasing an additional 32,162 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Medical Properties Trust by 12.9% in the first quarter. Janney Montgomery Scott LLC now owns 565,578 shares of the real estate investment trust’s stock valued at $4,649,000 after purchasing an additional 64,488 shares during the period. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. KeyCorp decreased their target price on Medical Properties Trust from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, April 4th. Barclays decreased their price target 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. Wells Fargo & Company started coverage on Medical Properties Trust in a report on Wednesday, April 19th. They set an “equal weight” rating and a $9.00 price target for the company. StockNews.com started coverage on Medical Properties Trust in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Stifel Nicolaus decreased their price target on Medical Properties Trust from $14.00 to $12.00 in a report on Friday, April 28th. Seven investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.08.

Medical Properties Trust Stock Up 0.7 %

MPW opened at $10.34 on Monday. The stock has a market capitalization of $6.19 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. Medical Properties Trust, Inc. has a one year low of $7.10 and a one year high of $17.36. The business’s 50-day simple moving average is $8.92 and its 200-day simple moving average is $9.74. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, June 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 11.22%. The ex-dividend date of this dividend was Wednesday, June 14th. Medical Properties Trust’s dividend payout ratio (DPR) is presently 232.00%.

About Medical Properties Trust

(Free Report)

Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 444 facilities and approximately 45,000 licensed beds in ten countries and across four continents.