Truist Financial Corp Has $706,000 Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Truist Financial Corp trimmed its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 21.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,285 shares of the real estate investment trust’s stock after selling 20,349 shares during the period. Truist Financial Corp’s holdings in Medical Properties Trust were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wedbush Securities Inc. raised its position in Medical Properties Trust by 38.7% during the first quarter. Wedbush Securities Inc. now owns 45,467 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 12,695 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Medical Properties Trust by 1,029.8% during the first quarter. Los Angeles Capital Management LLC now owns 660,071 shares of the real estate investment trust’s stock valued at $5,426,000 after purchasing an additional 601,645 shares in the last quarter. AE Wealth Management LLC raised its position in Medical Properties Trust by 18.4% during the second quarter. AE Wealth Management LLC now owns 313,140 shares of the real estate investment trust’s stock valued at $2,900,000 after purchasing an additional 48,741 shares in the last quarter. Wolverine Asset Management LLC raised its position in Medical Properties Trust by 599.2% during the first quarter. Wolverine Asset Management LLC now owns 93,293 shares of the real estate investment trust’s stock valued at $767,000 after purchasing an additional 79,951 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Medical Properties Trust by 12.9% during 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 in the last quarter. 76.46% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Stock Performance

Shares of MPW opened at $4.81 on Thursday. The company has a current ratio of 3.52, a quick ratio of 2.88 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $2.88 billion, a P/E ratio of -68.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.14. The firm’s fifty day simple moving average is $5.52 and its two-hundred day simple moving average is $7.59. Medical Properties Trust, Inc. has a 12 month low of $4.44 and a 12 month high of $14.00.

Medical Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 12.47%. Medical Properties Trust’s dividend payout ratio (DPR) is currently -857.14%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MPW. Wells Fargo & Company cut shares of Medical Properties Trust from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $7.00 to $4.00 in a research note on Monday, October 16th. JPMorgan Chase & Co. cut shares of Medical Properties Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $9.00 to $7.00 in a research note on Monday, August 21st. Barclays decreased their target price on shares of Medical Properties Trust from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 22nd. BNP Paribas began coverage on shares of Medical Properties Trust in a research note on Wednesday, October 11th. They set a “neutral” rating and a $5.50 target price on the stock. Finally, StockNews.com initiated coverage on shares of Medical Properties Trust in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and an average price target of $9.46.

Medical Properties Trust Company Profile

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.