Cohen & Steers Inc. Sells 19,114,915 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Cohen & Steers Inc. trimmed its position in Medical Properties Trust, Inc. (NYSE:MPW) by 45.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,226,346 shares of the real estate investment trust’s stock after selling 19,114,915 shares during the period. Cohen & Steers Inc.’s holdings in Medical Properties Trust were worth $114,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tucker Asset Management LLC increased its position in shares of Medical Properties Trust by 2,447.6% in the third quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 7,661 shares during the last quarter. Cetera Trust Company N.A acquired a new position in Medical Properties Trust during the fourth quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Medical Properties Trust by 861.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 9,615 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 8,615 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Medical Properties Trust in the fourth quarter valued at approximately $50,000. Finally, Principal Securities Inc. bought a new stake in Medical Properties Trust during the fourth quarter worth $50,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

Shares of MPW traded down $0.09 during mid-day trading on Wednesday, hitting $4.84. 16,496,203 shares of the company traded hands, compared to its average volume of 21,240,719. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.10 and a current ratio of 3.10. The stock has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $4.40. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $10.74. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -2.18, a P/E/G ratio of 0.72 and a beta of 1.27.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 10th. This represents a $0.60 annualized dividend and a yield of 12.40%. Medical Properties Trust’s dividend payout ratio (DPR) is -27.03%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MPW shares. BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Friday, March 1st. Colliers Securities cut shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $4.25 in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating and raised their price target for the company from $2.00 to $5.00 in a research report on Wednesday, April 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $5.00 price target on shares of Medical Properties Trust in a research report on Tuesday, May 14th. Finally, Truist Financial lifted their target price on shares of Medical Properties Trust from $4.50 to $5.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.