Proficio Capital Partners LLC Takes Position in Medical Properties Trust, Inc. (NYSE:MPW)

Proficio Capital Partners LLC purchased a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,131 shares of the real estate investment trust’s stock, valued at approximately $91,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in shares of Medical Properties Trust during the third quarter worth $927,000. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 303,628 shares during the last quarter. Versor Investments LP grew its stake in Medical Properties Trust by 192.3% during the 4th quarter. Versor Investments LP now owns 285,000 shares of the real estate investment trust’s stock valued at $1,126,000 after acquiring an additional 187,500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Medical Properties Trust by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust’s stock valued at $34,912,000 after acquiring an additional 118,577 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in Medical Properties Trust by 506.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 63,207 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 52,790 shares in the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Stock Down 2.8 %

Shares of MPW opened at $6.04 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $3.62 billion, a PE ratio of -1.43, a P/E/G ratio of 1.01 and a beta of 1.32. The company’s 50-day simple moving average is $5.25 and its 200-day simple moving average is $4.84. Medical Properties Trust, Inc. has a 1 year low of $3.51 and a 1 year high of $6.55.

Medical Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be given a $0.08 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.32 annualized dividend and a yield of 5.30%. Medical Properties Trust’s dividend payout ratio is presently -8.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Monday, March 10th. Royal Bank of Canada raised their target price on Medical Properties Trust from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Monday, March 10th. Truist Financial lowered their price target on shares of 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. BNP Paribas upgraded shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $5.00 to $9.00 in a research report on Wednesday, March 12th. Finally, Mizuho decreased their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.64.

About Medical Properties Trust

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.