Modern Wealth Management LLC Sells 11,363 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Modern Wealth Management LLC cut its position in Medical Properties Trust, Inc. (NYSE:MPW) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,002 shares of the real estate investment trust’s stock after selling 11,363 shares during the period. Modern Wealth Management LLC’s holdings in Medical Properties Trust were worth $154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MPW. Allworth Financial LP raised its position in shares of Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 4,241 shares during the period. RFG Advisory LLC acquired a new position in Medical Properties Trust during the fourth quarter worth $40,000. Silver Oak Securities Incorporated bought a new position in shares of Medical Properties Trust in the fourth quarter valued at $40,000. Verus Capital Partners LLC acquired a new position in shares of Medical Properties Trust during the fourth quarter valued at about $40,000. Finally, RS Crum Inc. bought a new stake in shares of Medical Properties Trust during the fourth quarter worth about $40,000. 71.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MPW has been the subject of a number of analyst reports. Mizuho cut their price target on 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 decreased their price target on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. StockNews.com upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Wells Fargo & Company upped their target price on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada raised their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company a “sector perform” rating in a research report on Monday, March 10th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.64.

Medical Properties Trust Stock Performance

NYSE 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 company has a market capitalization of $3.62 billion, a PE ratio of -1.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. Medical Properties Trust, Inc. has a 52-week low of $3.51 and a 52-week high of $6.55. The company has a 50-day simple moving average of $5.25 and a 200 day simple moving average of $4.84.

Medical Properties Trust Announces Dividend

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

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.