Mirae Asset Global Investments Co. Ltd. Sells 64,233 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Mirae Asset Global Investments Co. Ltd. lowered its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 6.4% in the 4th quarter, Holdings Channel reports. The firm owned 933,742 shares of the real estate investment trust’s stock after selling 64,233 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Medical Properties Trust were worth $4,585,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MPW. HighTower Advisors LLC boosted its stake in Medical Properties Trust by 8.2% in the 1st quarter. HighTower Advisors LLC now owns 83,236 shares of the real estate investment trust’s stock worth $1,755,000 after purchasing an additional 6,318 shares during the period. AlphaCrest Capital Management LLC boosted its stake in Medical Properties Trust by 147.1% in the 1st 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 period. Raymond James Trust N.A. boosted its position in shares of Medical Properties Trust by 15.4% during the 1st quarter. Raymond James Trust N.A. now owns 37,749 shares of the real estate investment trust’s stock valued at $798,000 after acquiring an additional 5,046 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Medical Properties Trust by 11.3% during the 1st quarter. Cibc World Market Inc. now owns 38,588 shares of the real estate investment trust’s stock valued at $816,000 after acquiring an additional 3,922 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Medical Properties Trust by 43.9% during the 1st quarter. Sei Investments Co. now owns 807,982 shares of the real estate investment trust’s stock valued at $17,067,000 after acquiring an additional 246,411 shares during the last quarter. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

Shares of Medical Properties Trust stock opened at $4.74 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.26 and a quick ratio of 2.26. The business’s 50 day simple moving average is $4.08 and its two-hundred day simple moving average is $4.37. The stock has a market capitalization of $2.84 billion, a P/E ratio of -5.04, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $10.74.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 12.66%. Medical Properties Trust’s dividend payout ratio (DPR) is currently -63.83%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MPW shares. StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft started coverage on Medical Properties Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $2.00 price target for the company. Colliers Securities downgraded Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $4.25 in a research report on Wednesday, April 10th. Royal Bank of Canada dropped their price target on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, Truist Financial raised their price objective on Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a report on Monday, April 8th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.48.

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 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.