ExodusPoint Capital Management LP Takes Position in Medical Properties Trust, Inc. (NYSE:MPW)

Posted by Defense World Staff on Sep 7th, 2023

ExodusPoint Capital Management LP acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPW – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 81,027 shares of the real estate investment trust’s stock, valued at approximately $666,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Natixis Advisors L.P. increased its stake in Medical Properties Trust by 12.3% in the 1st quarter. Natixis Advisors L.P. now owns 27,736 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 3,038 shares during the period. Envestnet Asset Management Inc. increased its stake in Medical Properties Trust by 112.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 646,735 shares of the real estate investment trust’s stock valued at $1,863,000 after buying an additional 342,881 shares during the period. Fulcrum Capital LLC increased its stake in Medical Properties Trust by 16.4% in the 1st quarter. Fulcrum Capital LLC now owns 19,900 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 2,800 shares during the period. Te Ahumairangi Investment Management Ltd grew its position in Medical Properties Trust by 87.8% in the first quarter. Te Ahumairangi Investment Management Ltd now owns 372,426 shares of the real estate investment trust’s stock worth $3,061,000 after acquiring an additional 174,106 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Medical Properties Trust by 7.2% in the first quarter. Guggenheim Capital LLC now owns 590,169 shares of the real estate investment trust’s stock worth $4,851,000 after acquiring an additional 39,812 shares in the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.

Medical Properties Trust Trading Down 1.8 %

Shares of Medical Properties Trust stock opened at $7.01 on Thursday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 63.68, a price-to-earnings-growth ratio of 1.58 and a beta of 1.03. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 1.23. The company has a 50-day simple moving average of $8.79 and a 200 day simple moving average of $8.73. Medical Properties Trust, Inc. has a 12-month low of $6.38 and a 12-month high of $15.16.

Medical Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date is Wednesday, September 13th. Medical Properties Trust’s dividend payout ratio (DPR) is currently 1,054.55%.

Analyst Upgrades and Downgrades

Several analysts have commented on MPW shares. Mizuho downgraded shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $9.00 in a research report on Thursday, August 31st. StockNews.com started coverage on shares of Medical Properties Trust in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Raymond James downgraded shares of Medical Properties Trust from a “strong-buy” rating to an “underperform” rating in a research report on Friday, August 11th. Bank of America downgraded shares of Medical Properties Trust from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $9.00 to $8.00 in a research report on Friday, August 11th. Finally, Barclays decreased their price objective on shares of Medical Properties Trust from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Medical Properties Trust has an average rating of “Hold” and a consensus target price of $10.92.

View Our Latest Stock Analysis on MPW

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