Coatue Management LLC Purchases 1,060,830 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Coatue Management LLC grew its position in Medical Properties Trust, Inc. (NYSE:MPWFree Report) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,806,501 shares of the real estate investment trust’s stock after acquiring an additional 1,060,830 shares during the quarter. Coatue Management LLC owned 1.14% of Medical Properties Trust worth $33,420,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MPW. Norges Bank bought a new stake in shares of Medical Properties Trust in the 4th quarter worth approximately $25,655,000. Deutsche Bank AG raised its holdings in shares of Medical Properties Trust by 880.2% in the 3rd quarter. Deutsche Bank AG now owns 3,951,543 shares of the real estate investment trust’s stock worth $21,536,000 after buying an additional 3,548,423 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Medical Properties Trust by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,610,221 shares of the real estate investment trust’s stock worth $46,926,000 after buying an additional 1,989,853 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Medical Properties Trust by 517.0% in the 4th quarter. BNP Paribas Financial Markets now owns 2,150,378 shares of the real estate investment trust’s stock worth $10,558,000 after buying an additional 1,801,858 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC raised its holdings in shares of Medical Properties Trust by 49.6% in the 3rd 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 buying an additional 1,680,200 shares in the last quarter. Institutional investors own 71.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $5.00 price target on shares of Medical Properties Trust in a report on Tuesday, May 14th. Colliers Securities cut Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $4.25 in a report on Wednesday, April 10th. Truist Financial raised their price target on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Wednesday, April 17th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Medical Properties Trust currently has an average rating of “Hold” and an average price target of $5.80.

Get Our Latest Research Report on Medical Properties Trust

Medical Properties Trust Trading Down 1.8 %

MPW stock traded down $0.09 during midday trading on Wednesday, hitting $4.84. 16,496,203 shares of the company’s stock were exchanged, compared to its average volume of 21,240,719. The stock’s fifty day moving average price is $4.84 and its 200-day moving average price is $4.40. 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 company has a market cap of $2.90 billion, a PE ratio of -2.18, a price-to-earnings-growth ratio of 0.72 and a beta of 1.27. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $10.74.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.40%. The ex-dividend date is Monday, June 10th. Medical Properties Trust’s dividend payout ratio is -27.03%.

About Medical Properties Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Medical Properties Trust (NYSE:MPW)

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