Truist Financial Corp Purchases 10,476 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Truist Financial Corp increased its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,955 shares of the real estate investment trust’s stock after buying an additional 10,476 shares during the quarter. Truist Financial Corp’s holdings in Medical Properties Trust were worth $481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPW. State of New Jersey Common Pension Fund D lifted its stake in Medical Properties Trust by 24.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 978,237 shares of the real estate investment trust’s stock valued at $4,803,000 after purchasing an additional 192,859 shares during the last quarter. Alaska Permanent Fund Corp boosted its stake in shares of Medical Properties Trust by 14.8% during the 4th quarter. Alaska Permanent Fund Corp now owns 291,285 shares of the real estate investment trust’s stock worth $1,430,000 after acquiring an additional 37,585 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Medical Properties Trust by 86.5% during the 4th quarter. Wolverine Asset Management LLC now owns 363,815 shares of the real estate investment trust’s stock worth $1,786,000 after acquiring an additional 168,703 shares during the last quarter. Greenwich Wealth Management LLC bought a new stake in Medical Properties Trust in the 4th quarter valued at $56,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in Medical Properties Trust by 30.0% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 123,107 shares of the real estate investment trust’s stock valued at $605,000 after purchasing an additional 28,409 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

NYSE:MPW opened at $5.01 on Friday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -2.25, a PEG ratio of 0.61 and a beta of 1.19. 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 debt-to-equity ratio of 1.48, a quick ratio of 2.26 and a current ratio of 3.10. The stock has a fifty day moving average price of $4.53 and a 200-day moving average price of $4.34.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, April 19th. This represents a $0.60 annualized dividend and a yield of 11.99%. Medical Properties Trust’s dividend payout ratio is -27.03%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MPW shares. Colliers Securities lowered shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $4.25 in a research report on Wednesday, April 10th. Truist Financial increased their price target on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a report on Monday, April 8th. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft upgraded 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 research note on Wednesday, April 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $5.00 price target on shares of Medical Properties Trust in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $5.75.

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.