Mirae Asset Global Investments Co. Ltd. Trims Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Mirae Asset Global Investments Co. Ltd. lessened its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 31.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,962 shares of the real estate investment trust’s stock after selling 7,380 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Medical Properties Trust were worth $60,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Medical Properties Trust in the third quarter valued at $927,000. JPMorgan Chase & Co. increased its stake in Medical Properties Trust by 21.7% during the third quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust’s stock worth $9,973,000 after purchasing an additional 303,628 shares during the period. Wolverine Asset Management LLC lifted its position in shares of Medical Properties Trust by 27.8% during the third quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock worth $3,030,000 after purchasing an additional 112,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Medical Properties Trust by 353.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust’s stock valued at $20,625,000 after purchasing an additional 2,748,245 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Medical Properties Trust in the third quarter valued at approximately $883,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Insider Buying and Selling

In other news, CAO James Kevin Hanna sold 11,641 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total transaction of $43,304.52. Following the completion of the sale, the chief accounting officer now owns 366,913 shares in the company, valued at approximately $1,364,916.36. The trade was a 3.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.53% of the stock is owned by company insiders.

Medical Properties Trust Stock Performance

NYSE:MPW opened at $4.95 on Friday. The firm has a market capitalization of $2.97 billion, a PE ratio of -1.17, a price-to-earnings-growth ratio of 1.05 and a beta of 1.32. 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 business’s fifty day moving average price is $4.23 and its 200 day moving average price is $4.64. Medical Properties Trust, Inc. has a 12 month low of $3.45 and a 12 month high of $6.55.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Monday, March 10th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho dropped their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Truist Financial reduced their price target on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.92.

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.