Wells Fargo & Company MN Reduces Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Wells Fargo & Company MN lowered its position in Medical Properties Trust, Inc. (NYSE:MPW) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,899 shares of the real estate investment trust’s stock after selling 43,838 shares during the period. Wells Fargo & Company MN owned approximately 0.05% of Medical Properties Trust worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MPW. SG Americas Securities LLC boosted its position in Medical Properties Trust by 435.5% in the fourth quarter. SG Americas Securities LLC now owns 923,756 shares of the real estate investment trust’s stock valued at $3,649,000 after buying an additional 751,256 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Medical Properties Trust in the fourth quarter valued at approximately $2,114,000. Wilsey Asset Management Inc. boosted its position in Medical Properties Trust by 8.5% in the fourth quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust’s stock valued at $18,379,000 after buying an additional 362,582 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Medical Properties Trust by 21.7% in the third quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust’s stock valued at $9,973,000 after buying an additional 303,628 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in Medical Properties Trust in the fourth quarter valued at approximately $894,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Trading Up 1.7 %

Shares of MPW stock opened at $5.51 on Tuesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -1.31, a PEG ratio of 1.01 and a beta of 1.27. The stock has a 50 day simple moving average of $5.58 and a 200-day simple moving average of $4.79. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Monday, March 10th. Medical Properties Trust’s payout ratio is -8.42%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MPW. Royal Bank of Canada boosted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company a “sector perform” rating in a report on Monday, March 10th. StockNews.com raised Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Wells Fargo & Company boosted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Monday, March 10th. Finally, BNP Paribas raised Medical Properties Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $5.00 to $9.00 in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.