Cerity Partners LLC Cuts Stake in Medical Properties Trust, Inc. (NYSE:MPW)

Cerity Partners LLC cut its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 91.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,966 shares of the real estate investment trust’s stock after selling 244,885 shares during the quarter. Cerity Partners LLC’s holdings in Medical Properties Trust were worth $115,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MPW. Lasalle Investment Management Securities LLC lifted its stake in Medical Properties Trust by 49.6% in the third quarter. Lasalle Investment Management Securities LLC now owns 5,065,844 shares of the real estate investment trust’s stock worth $27,609,000 after purchasing an additional 1,680,200 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Medical Properties Trust by 93.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 204,807 shares of the real estate investment trust’s stock valued at $1,117,000 after acquiring an additional 98,807 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Medical Properties Trust during the 4th quarter valued at about $109,000. Caxton Associates LP bought a new position in Medical Properties Trust during the 3rd quarter worth approximately $2,628,000. Finally, Wolverine Asset Management LLC increased its stake in Medical Properties Trust by 284.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 195,112 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 144,370 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MPW shares. BNP Paribas upgraded shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Friday, March 1st. Truist Financial boosted their price objective on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating and increased their target price for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. Royal Bank of Canada lowered their price target on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Finally, Mizuho cut their price objective on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 3rd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $5.75.

Medical Properties Trust Price Performance

MPW opened at $4.60 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -4.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. The stock has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $4.32. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $10.74.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.60 annualized dividend and a dividend yield of 13.04%. Medical Properties Trust’s payout ratio is -63.83%.

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.