Prosperity Financial Group Inc. Trims Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Prosperity Financial Group Inc. lowered its position in Medical Properties Trust, Inc. (NYSE:MPW) by 11.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,144 shares of the real estate investment trust’s stock after selling 2,364 shares during the period. Prosperity Financial Group Inc.’s holdings in Medical Properties Trust were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Medical Properties Trust in the 3rd quarter valued at $31,000. Allworth Financial LP lifted its position in 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 valued at $26,000 after purchasing an additional 4,241 shares during the period. Verus Capital Partners LLC purchased a new stake in Medical Properties Trust in the fourth quarter valued at $40,000. RFG Advisory LLC acquired a new stake in Medical Properties Trust during the 4th quarter worth about $40,000. Finally, Wealthstream Advisors Inc. purchased a new position in shares of Medical Properties Trust during the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

NYSE:MPW opened at $5.97 on Thursday. 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 $3.58 billion, a PE ratio of -1.41, a P/E/G ratio of 1.01 and a beta of 1.32. Medical Properties Trust, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The company has a fifty day moving average of $4.72 and a two-hundred day moving average of $4.71.

Medical Properties Trust Announces Dividend

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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust’s dividend payout ratio is presently -8.42%.

Insider Buying and Selling

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the 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 completion of the transaction, the chief accounting officer now owns 366,913 shares of the company’s stock, valued at $1,364,916.36. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MPW has been the topic of several analyst reports. Mizuho dropped their target price on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Royal Bank of Canada raised their price objective on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Monday. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $5.00 to $9.00 in a report on Wednesday. Wells Fargo & Company increased their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Monday. Finally, StockNews.com raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. One 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 presently has an average rating of “Hold” and a consensus target price of $5.64.

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.