abrdn plc Increases Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

abrdn plc increased its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 321.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 527,138 shares of the real estate investment trust’s stock after acquiring an additional 401,920 shares during the quarter. abrdn plc’s holdings in Medical Properties Trust were worth $2,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Onyx Bridge Wealth Group LLC lifted its stake in Medical Properties Trust by 11.8% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 38,277 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 4,043 shares during the period. Greenleaf Trust bought a new position in Medical Properties Trust in the fourth quarter worth $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Medical Properties Trust by 5.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 297,083 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 16,632 shares in the last quarter. DGS Capital Management LLC bought a new position in Medical Properties Trust in the fourth quarter worth $178,000. Finally, Hoxton Planning & Management LLC bought a new position in Medical Properties Trust in the fourth quarter worth $148,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MPW shares. Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and increased their price objective for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. Truist Financial increased their price objective on Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a report on Monday, April 8th. StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Colliers Securities downgraded Medical Properties Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $4.25 in a report on Wednesday, April 10th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Medical Properties Trust in a report on Friday, January 5th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.75.

Medical Properties Trust Trading Down 1.1 %

Shares of NYSE:MPW opened at $4.51 on Monday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -4.80, a PEG ratio of 1.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.26 and a current ratio of 2.26. The stock’s 50-day simple moving average is $4.29 and its two-hundred day simple moving average is $4.33. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $10.74.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 22nd will be given a $0.15 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.60 annualized dividend and a yield of 13.30%. Medical Properties Trust’s payout ratio is -63.83%.

About Medical Properties Trust

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.