Zurcher Kantonalbank Zurich Cantonalbank Buys 16,632 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,083 shares of the real estate investment trust’s stock after acquiring an additional 16,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Medical Properties Trust were worth $1,459,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tucker Asset Management LLC boosted its stake in shares of Medical Properties Trust by 2,447.6% during the third quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 7,661 shares in the last quarter. Checchi Capital Advisers LLC bought a new position in shares of Medical Properties Trust during the third quarter valued at approximately $56,000. Integrated Advisors Network LLC bought a new position in shares of Medical Properties Trust during the third quarter valued at approximately $56,000. Gratus Capital LLC bought a new position in shares of Medical Properties Trust during the third quarter valued at approximately $57,000. Finally, Vanderbilt University bought a new position in shares of Medical Properties Trust during the fourth quarter valued at approximately $58,000. 71.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MPW shares. Royal Bank of Canada dropped their price objective on shares of Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price for the company in a research report on Friday, March 1st. Deutsche Bank Aktiengesellschaft raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating and increased their target price for the company from $2.00 to $5.00 in a research report on Wednesday, April 17th. KeyCorp reissued a “sector weight” rating on shares of Medical Properties Trust in a research report on Friday, January 5th. Finally, Mizuho decreased their target price on shares of Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.75.

Medical Properties Trust Stock Performance

NYSE MPW opened at $4.57 on Friday. The company has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $4.35. The stock has a market cap of $2.73 billion, a P/E ratio of -4.86, a P/E/G ratio of 1.40 and a beta of 1.20. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $10.74. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 13.14%. Medical Properties Trust’s dividend payout ratio is presently -63.83%.

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.