Medical Properties Trust, Inc. (NYSE:MPW) Shares Acquired by Creative Planning

Posted by on Oct 14th, 2023

Creative Planning grew its position in Medical Properties Trust, Inc. (NYSE:MPW – Free Report) by 83.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,135 shares of the real estate investment trust’s stock after acquiring an additional 60,968 shares during the quarter. Creative Planning’s holdings in Medical Properties Trust were worth $1,242,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MPW. HighTower Advisors LLC boosted its holdings 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 valued at $1,755,000 after acquiring an additional 6,318 shares during the period. AlphaCrest Capital Management LLC raised its stake in shares of Medical Properties Trust by 147.1% during the first quarter. AlphaCrest Capital Management LLC now owns 21,434 shares of the real estate investment trust’s stock worth $453,000 after purchasing an additional 12,761 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Medical Properties Trust by 15.4% during the first quarter. Raymond James Trust N.A. now owns 37,749 shares of the real estate investment trust’s stock worth $798,000 after purchasing an additional 5,046 shares during the last quarter. Cibc World Market Inc. raised its stake in shares of Medical Properties Trust by 11.3% during the first quarter. Cibc World Market Inc. now owns 38,588 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 3,922 shares during the last quarter. Finally, Sei Investments Co. raised its stake 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 worth $17,067,000 after purchasing an additional 246,411 shares during the last quarter. 76.46% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Stock Down 5.9 %

Medical Properties Trust stock opened at $4.97 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 45.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. Medical Properties Trust, Inc. has a fifty-two week low of $4.92 and a fifty-two week high of $14.00. The stock’s fifty day moving average is $6.62 and its two-hundred day moving average is $8.04.

Medical Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 12.07%. The ex-dividend date was Wednesday, September 13th. Medical Properties Trust’s dividend payout ratio (DPR) is 545.45%.

Analysts Set New Price Targets

Several research firms have recently commented on MPW. Barclays cut their price target on Medical Properties Trust from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, August 22nd. Truist Financial cut their price objective on Medical Properties Trust from $10.00 to $6.00 in a research report on Friday, September 29th. Mizuho cut Medical Properties Trust from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $9.00 in a research report on Thursday, August 31st. StockNews.com started coverage on Medical Properties Trust in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Bank of America cut Medical Properties Trust from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $9.00 to $8.00 in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Medical Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $9.88.

Read Our Latest Analysis on Medical Properties Trust

Medical Properties Trust 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.

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

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