Principal Financial Group Inc. Grows Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Principal Financial Group Inc. grew its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,912,274 shares of the real estate investment trust’s stock after purchasing an additional 86,925 shares during the quarter. Principal Financial Group Inc. owned approximately 0.49% of Medical Properties Trust worth $11,503,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Medical Properties Trust by 230.4% during the 4th quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 4,241 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Medical Properties Trust in the third quarter worth about $31,000. RFG Advisory LLC purchased a new position in shares of Medical Properties Trust in the fourth quarter worth about $40,000. Silver Oak Securities Incorporated bought a new stake in shares of Medical Properties Trust in the 4th quarter valued at about $40,000. Finally, Apollon Wealth Management LLC purchased a new stake in Medical Properties Trust during the 4th quarter valued at about $44,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPW has been the topic of a number of analyst reports. Truist Financial decreased 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. Mizuho cut 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.92.

Insider Buying and Selling at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the company’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 transaction of $43,304.52. Following the transaction, the chief accounting officer now owns 366,913 shares in the company, valued at approximately $1,364,916.36. This represents a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.53% of the company’s stock.

Medical Properties Trust Price Performance

Shares of MPW stock opened at $5.58 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. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The firm has a market cap of $3.35 billion, a P/E ratio of -1.32, a P/E/G ratio of 1.01 and a beta of 1.32. The business’s 50 day moving average price is $4.37 and its 200-day moving average price is $4.64.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -7.58%.

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.