California Public Employees Retirement System Sells 33,782 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

California Public Employees Retirement System reduced its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137,385 shares of the real estate investment trust’s stock after selling 33,782 shares during the period. California Public Employees Retirement System’s holdings in Medical Properties Trust were worth $5,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPW. SVB Wealth LLC raised its stake in Medical Properties Trust by 42.8% during the 3rd quarter. SVB Wealth LLC now owns 43,471 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 13,022 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Medical Properties Trust by 139.7% in the third quarter. Stratos Wealth Partners LTD. now owns 86,012 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 50,124 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Medical Properties Trust during the third quarter worth about $59,000. Brown Advisory Inc. bought a new position in Medical Properties Trust during the third quarter valued at about $65,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Medical Properties Trust by 7.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 997,975 shares of the real estate investment trust’s stock valued at $5,439,000 after acquiring an additional 69,134 shares in the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Trading Up 0.6 %

MPW opened at $4.87 on Friday. The firm has a 50 day simple moving average of $4.39 and a 200 day simple moving average of $4.32. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $10.74. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -5.18, a price-to-earnings-growth ratio of 0.55 and a beta of 1.19. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.26 and a quick ratio of 2.26.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.32%. The ex-dividend date was Friday, April 19th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -63.83%.

Analyst Upgrades and Downgrades

MPW has been the topic of a number of research reports. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating and boosted their price target for the company from $2.00 to $5.00 in a report on Wednesday, April 17th. Colliers Securities downgraded shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $4.25 in a report on Wednesday, April 10th. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price on the stock in a research note on Friday, March 1st. Finally, Royal Bank of Canada dropped their price target on shares of 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. 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. Based on data from MarketBeat.com, Medical Properties Trust currently has an average rating of “Hold” and a consensus price target of $5.75.

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.