Verdence Capital Advisors LLC Acquires Shares of 16,447 Medical Properties Trust, Inc. (NYSE:MPW)

Verdence Capital Advisors LLC bought a new position in Medical Properties Trust, Inc. (NYSE:MPW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,447 shares of the real estate investment trust’s stock, valued at approximately $81,000.

A number of other institutional investors also recently modified their holdings of MPW. Deutsche Bank AG raised its holdings in Medical Properties Trust by 880.2% during the 3rd quarter. Deutsche Bank AG now owns 3,951,543 shares of the real estate investment trust’s stock valued at $21,536,000 after acquiring an additional 3,548,423 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Medical Properties Trust by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,610,221 shares of the real estate investment trust’s stock valued at $46,926,000 after buying an additional 1,989,853 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in shares of 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 buying an additional 1,680,200 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Medical Properties Trust by 125.3% in the third quarter. AQR Capital Management LLC now owns 2,261,451 shares of the real estate investment trust’s stock valued at $12,325,000 after acquiring an additional 1,257,921 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Medical Properties Trust by 115.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,623,611 shares of the real estate investment trust’s stock valued at $8,849,000 after acquiring an additional 870,606 shares in the last quarter. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial increased their target price on shares of Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a research note on Monday, April 8th. Colliers Securities lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $4.25 in a research note on Wednesday, April 10th. Royal Bank of Canada decreased their target price on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Mizuho dropped their price target on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating and upped their price objective for the stock from $2.00 to $5.00 in a research report on Wednesday, April 17th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.75.

Medical Properties Trust Stock Up 2.7 %

Shares of MPW opened at $4.64 on Wednesday. Medical Properties Trust, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $10.74. The firm has a 50 day moving average price of $4.22 and a 200-day moving average price of $4.35. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.26 and a current ratio of 2.26.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 12.93%. The ex-dividend date of this dividend is Friday, April 19th. Medical Properties Trust’s dividend payout ratio is presently -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.