State of New Jersey Common Pension Fund D Sells 413,036 Shares of Medical Properties Trust, Inc. $MPW

State of New Jersey Common Pension Fund D cut its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 80.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,999 shares of the real estate investment trust’s stock after selling 413,036 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Medical Properties Trust were worth $512,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Medical Properties Trust by 8.2% during the 1st quarter. Royal Bank of Canada now owns 388,254 shares of the real estate investment trust’s stock worth $2,340,000 after purchasing an additional 29,515 shares in the last quarter. United Services Automobile Association bought a new stake in Medical Properties Trust during the first quarter worth about $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Medical Properties Trust by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,848 shares of the real estate investment trust’s stock worth $24,644,000 after buying an additional 410,374 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Medical Properties Trust by 11.7% in the first quarter. Focus Partners Wealth now owns 32,690 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 3,415 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Medical Properties Trust by 1.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 656,268 shares of the real estate investment trust’s stock valued at $2,829,000 after acquiring an additional 9,068 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Analysts Set New Price Targets

MPW has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Medical Properties Trust in a report on Thursday, January 22nd. Wall Street Zen lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company upped their price target on shares of Medical Properties Trust from $4.50 to $5.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $6.17.

Medical Properties Trust Stock Down 0.3%

NYSE MPW opened at $5.04 on Friday. The stock has a market capitalization of $3.03 billion, a P/E ratio of -4.27 and a beta of 1.43. Medical Properties Trust, Inc. has a 52 week low of $3.95 and a 52 week high of $6.34. The company has a debt-to-equity ratio of 2.06, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a fifty day moving average of $5.10 and a 200-day moving average of $5.02.

About Medical Properties Trust

Medical Properties Trust, Inc is a real estate investment trust (REIT) focused on acquiring, financing, and owning net-leased hospital facilities. Through sale-leaseback transactions, direct acquisitions and recapitalizations, the company provides capital to healthcare operators while maintaining long-term, triple-net lease agreements. Its portfolio encompasses general acute care hospitals, rehabilitation facilities and other healthcare-related real estate assets and is structured to deliver stable, long-duration rental income streams.

Founded in 2003 and based in Birmingham, Alabama, Medical Properties Trust completed its initial public offering in 2004.