Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Truist Financial Corp

Posted by Defense World Staff on Aug 23rd, 2023

Truist Financial Corp lowered its stake in Medical Properties Trust, Inc. (NYSE:MPW – Free Report) by 80.6% during the first quarter, Holdings Channel.com reports. The fund owned 96,634 shares of the real estate investment trust’s stock after selling 400,659 shares during the quarter. Truist Financial Corp’s holdings in Medical Properties Trust were worth $794,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MPW. Private Trust Co. NA boosted its stake in Medical Properties Trust by 64.0% during the 1st quarter. Private Trust Co. NA now owns 3,289 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,284 shares during the last quarter. Allworth Financial LP boosted its stake in Medical Properties Trust by 104.3% during the 1st quarter. Allworth Financial LP now owns 5,165 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 2,637 shares during the last quarter. Harbour Investments Inc. boosted its stake in Medical Properties Trust by 1,247.4% during the 4th quarter. Harbour Investments Inc. now owns 4,608 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 4,266 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Medical Properties Trust by 43.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,402 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in Medical Properties Trust during the 4th quarter worth $75,000. Institutional investors and hedge funds own 74.26% of the company’s stock.

Medical Properties Trust Stock Down 3.4 %

Shares of NYSE:MPW opened at $6.77 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a market capitalization of $4.05 billion, a PE ratio of 61.55, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The firm’s 50-day moving average is $9.21 and its two-hundred day moving average is $9.12. Medical Properties Trust, Inc. has a 1 year low of $6.38 and a 1 year high of $15.67.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 8.86%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 1,054.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MPW shares. Stifel Nicolaus reduced their price target on Medical Properties Trust from $14.00 to $12.00 in a report on Friday, April 28th. Raymond James lowered Medical Properties Trust from a “strong-buy” rating to an “underperform” rating in a report on Friday, August 11th. Barclays reduced their price target on Medical Properties Trust from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday. Bank of America lowered Medical Properties Trust from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $9.00 to $8.00 in a report on Friday, August 11th. Finally, JPMorgan Chase & Co. lowered shares of Medical Properties Trust from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $9.00 to $7.00 in a report on Monday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.67.

Read Our Latest Report on Medical Properties Trust

Medical Properties Trust Company Profile

(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 44,000 licensed beds in ten countries and across four continents.