Nordea Investment Management AB Has $16.86 Million Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Nordea Investment Management AB lessened its stake in Medical Properties Trust, Inc. (NYSE:MPWGet Rating) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 786,836 shares of the real estate investment trust’s stock after selling 14,140 shares during the quarter. Nordea Investment Management AB’s holdings in Medical Properties Trust were worth $16,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Medical Properties Trust by 0.9% in the 4th quarter. BlackRock Inc. now owns 82,216,544 shares of the real estate investment trust’s stock valued at $1,942,776,000 after buying an additional 711,240 shares during the last quarter. State Street Corp boosted its holdings in shares of Medical Properties Trust by 26.1% in the 4th quarter. State Street Corp now owns 32,358,616 shares of the real estate investment trust’s stock valued at $772,143,000 after buying an additional 6,702,693 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Medical Properties Trust by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 20,822,929 shares of the real estate investment trust’s stock valued at $490,158,000 after buying an additional 379,862 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Medical Properties Trust by 17.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 15,172,459 shares of the real estate investment trust’s stock valued at $304,512,000 after buying an additional 2,233,068 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Medical Properties Trust by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 9,163,551 shares of the real estate investment trust’s stock valued at $216,255,000 after buying an additional 269,485 shares during the last quarter. 82.27% of the stock is owned by institutional investors.

In related news, CFO R Steven Hamner sold 285,000 shares of the firm’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $21.04, for a total value of $5,996,400.00. Following the transaction, the chief financial officer now owns 1,961,214 shares in the company, valued at $41,263,942.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward K. Aldag, Jr. sold 615,000 shares of the firm’s stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of $21.33, for a total value of $13,117,950.00. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

MPW opened at $15.05 on Friday. Medical Properties Trust, Inc. has a fifty-two week low of $14.10 and a fifty-two week high of $24.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $9.03 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.80 and a beta of 0.65. The stock has a fifty day moving average of $17.64 and a 200-day moving average of $20.27.

Medical Properties Trust (NYSE:MPWGet Rating) last posted its earnings results on Thursday, April 28th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.58. Medical Properties Trust had a return on equity of 13.25% and a net margin of 70.61%. The company had revenue of $409.80 million during the quarter, compared to the consensus estimate of $413.31 million. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts predict that Medical Properties Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 16th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Wednesday, June 15th. Medical Properties Trust’s payout ratio is currently 62.03%.

Several brokerages have issued reports on MPW. TheStreet downgraded Medical Properties Trust from a “b-” rating to a “c+” rating in a report on Wednesday, June 15th. Truist Financial cut their price target on Medical Properties Trust from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, March 24th. Bank of America downgraded Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Friday, March 11th. Jefferies Financial Group downgraded Medical Properties Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $20.00 in a report on Friday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Medical Properties Trust from $25.00 to $20.00 in a report on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.56.

About Medical Properties Trust (Get Rating)

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 hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis.

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

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