Frank Rimerman Advisors LLC Acquires 7,070 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Frank Rimerman Advisors LLC boosted its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 63.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,148 shares of the real estate investment trust’s stock after purchasing an additional 7,070 shares during the period. Frank Rimerman Advisors LLC’s holdings in Medical Properties Trust were worth $72,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Medical Properties Trust during the third quarter worth about $31,000. Allworth Financial LP lifted its holdings in Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 4,241 shares in the last quarter. Verus Capital Partners LLC bought a new position in Medical Properties Trust during the fourth quarter worth about $40,000. RFG Advisory LLC bought a new position in Medical Properties Trust during the fourth quarter worth about $40,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Medical Properties Trust during the third quarter worth about $61,000. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $6.04 on Tuesday. The business’s 50 day moving average price is $4.83 and its two-hundred day moving average price is $4.74. The company has a market cap of $3.62 billion, a PE ratio of -1.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. Medical Properties Trust, Inc. has a twelve month low of $3.51 and a twelve month high of $6.55.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Monday, March 10th. Medical Properties Trust’s dividend payout ratio is presently -8.42%.

Insider Transactions at Medical Properties Trust

In related news, CAO James Kevin Hanna sold 11,641 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now directly owns 366,913 shares in the company, valued at approximately $1,364,916.36. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MPW. Mizuho reduced their target price on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Wells Fargo & Company lifted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company an “underweight” rating in a research note on Monday, March 10th. Royal Bank of Canada lifted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company a “sector perform” rating in a research note on Monday, March 10th. StockNews.com raised Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Truist Financial dropped their price target on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.64.

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.