HB Wealth Management LLC Buys New Position in Medical Properties Trust, Inc. (NYSE:MPW)

HB Wealth Management LLC bought a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,054 shares of the real estate investment trust’s stock, valued at approximately $61,000.

Other hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in Medical Properties Trust by 112.1% during the first quarter. Lindbrook Capital LLC now owns 7,225 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 3,819 shares during the period. Tucker Asset Management LLC lifted its holdings in Medical Properties Trust by 2,447.6% during the third quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 7,661 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Medical Properties Trust during the first quarter worth $38,000. Cetera Trust Company N.A bought a new stake in shares of Medical Properties Trust in the fourth quarter valued at $43,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Medical Properties Trust by 861.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 9,615 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 8,615 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

Medical Properties Trust stock traded up $0.03 during midday trading on Friday, hitting $4.09. 4,967,345 shares of the company’s stock were exchanged, compared to its average volume of 20,084,471. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $10.74. The stock has a 50-day moving average price of $4.89 and a two-hundred day moving average price of $4.36. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.10 and a current ratio of 3.10. The company has a market cap of $2.45 billion, a P/E ratio of -1.85, a PEG ratio of 0.58 and a beta of 1.27.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 14.67%. The ex-dividend date is Monday, June 10th. Medical Properties Trust’s payout ratio is -27.03%.

Analyst Ratings Changes

Several brokerages have issued reports on MPW. Truist Financial boosted their target price on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. StockNews.com lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and boosted their target price for the company from $2.00 to $5.00 in a research note on Wednesday, April 17th. Colliers Securities lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $4.25 in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $5.00 price objective on shares of Medical Properties Trust in a research note on Tuesday, May 14th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $5.61.

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.