Ballentine Partners LLC Purchases 5,773 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Ballentine Partners LLC boosted its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 21.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,316 shares of the real estate investment trust’s stock after acquiring an additional 5,773 shares during the period. Ballentine Partners LLC’s holdings in Medical Properties Trust were worth $152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Medical Properties Trust by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,058,339 shares of the real estate investment trust’s stock valued at $44,476,000 after purchasing an additional 448,118 shares in the last quarter. Coatue Management LLC boosted its holdings in Medical Properties Trust by 18.5% during the fourth quarter. Coatue Management LLC now owns 6,806,501 shares of the real estate investment trust’s stock valued at $33,420,000 after purchasing an additional 1,060,830 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in Medical Properties Trust by 6.5% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 5,395,068 shares of the real estate investment trust’s stock valued at $26,490,000 after purchasing an additional 329,224 shares in the last quarter. Norges Bank acquired a new stake in Medical Properties Trust during the fourth quarter valued at approximately $25,655,000. Finally, Legal & General Group Plc boosted its holdings in Medical Properties Trust by 0.3% during the third quarter. Legal & General Group Plc now owns 4,852,620 shares of the real estate investment trust’s stock valued at $26,447,000 after purchasing an additional 13,585 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock opened at $4.67 on Friday. The firm has a fifty day moving average of $4.93 and a two-hundred day moving average of $4.39. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -2.10, a PEG ratio of 0.67 and a beta of 1.27. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $10.74. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.10 and a current ratio of 3.10.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders 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 dividend yield of 12.86%. The ex-dividend date is Monday, June 10th. Medical Properties Trust’s payout ratio is -27.03%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MPW shares. Truist Financial lifted their price objective on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a report on Thursday, May 30th. BNP Paribas raised Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Friday, March 1st. StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Deutsche Bank Aktiengesellschaft raised Medical Properties Trust from a “sell” rating to a “hold” rating and boosted their target price for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $5.00 target price on shares of Medical Properties Trust in a report on Tuesday, May 14th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Medical Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $5.80.

Medical Properties Trust Company 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.