New York State Common Retirement Fund Sells 56,342 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

New York State Common Retirement Fund reduced its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 8.8% during the fourth quarter, Holdings Channel reports. The fund owned 584,117 shares of the real estate investment trust’s stock after selling 56,342 shares during the period. New York State Common Retirement Fund’s holdings in Medical Properties Trust were worth $2,868,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Medical Properties Trust by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,610,221 shares of the real estate investment trust’s stock valued at $46,926,000 after purchasing an additional 1,989,853 shares during the last quarter. Lasalle Investment Management Securities LLC increased its holdings in shares of Medical Properties Trust by 49.6% in the third quarter. Lasalle Investment Management Securities LLC now owns 5,065,844 shares of the real estate investment trust’s stock worth $27,609,000 after buying an additional 1,680,200 shares during the period. Legal & General Group Plc boosted its holdings in Medical Properties Trust by 0.3% during the 3rd quarter. Legal & General Group Plc now owns 4,852,620 shares of the real estate investment trust’s stock valued at $26,447,000 after acquiring an additional 13,585 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Medical Properties Trust by 5.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,546,115 shares of the real estate investment trust’s stock worth $22,321,000 after acquiring an additional 228,716 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Medical Properties Trust by 880.2% in the 3rd quarter. Deutsche Bank AG now owns 3,951,543 shares of the real estate investment trust’s stock worth $21,536,000 after purchasing an additional 3,548,423 shares during the period. 71.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BNP Paribas upgraded 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 report on Friday, March 1st. Colliers Securities cut shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $10.00 to $4.25 in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating and increased their target price for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. Royal Bank of Canada cut their price target on shares of Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, Truist Financial lifted their target price on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a research note on Monday, April 8th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.75.

Medical Properties Trust Price Performance

Shares of MPW opened at $4.50 on Tuesday. The firm’s 50-day simple moving average is $4.41 and its two-hundred day simple moving average is $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 stock has a market cap of $2.70 billion, a PE ratio of -4.79, 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 quick ratio of 2.26 and a current ratio of 2.26.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $0.60 annualized dividend and a dividend yield of 13.33%. Medical Properties Trust’s payout ratio is presently -63.83%.

Medical Properties Trust 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.