StoneX Group Inc. acquired a new position in Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) during the 3rd quarter, Holdings Channel reports. The fund acquired 10,557 shares of the real estate investment trust's stock, valued at approximately $128,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA purchased a new stake in shares of Medical Properties Trust in the 2nd quarter worth about $26,000. JFS Wealth Advisors LLC purchased a new position in Medical Properties Trust in the 2nd quarter valued at about $27,000. Ronald Blue Trust Inc. purchased a new position in Medical Properties Trust in the 2nd quarter valued at about $39,000. CNB Bank purchased a new position in Medical Properties Trust in the 2nd quarter valued at about $29,000. Finally, Meeder Asset Management Inc. lifted its holdings in Medical Properties Trust by 127.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,103 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 1,738 shares in the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.
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Medical Properties Trust Stock Down 0.9 %
Shares of NYSE:MPW opened at $12.79 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.07. Medical Properties Trust, Inc. has a 52-week low of $9.90 and a 52-week high of $22.26. The company has a 50 day moving average of $12.29 and a two-hundred day moving average of $13.10. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93.
Medical Properties Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Thursday, December 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend was Wednesday, December 7th. Medical Properties Trust's dividend payout ratio (DPR) is 55.77%.
Analysts Set New Price Targets
A number of research analysts have issued reports on MPW shares. Credit Suisse Group upped their target price on shares of Medical Properties Trust from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Tuesday, January 17th. Bank of America upgraded shares of Medical Properties Trust from a "neutral" rating to a "buy" rating and upped their target price for the company from $13.00 to $16.00 in a report on Monday, November 14th. They noted that the move was a valuation call. StockNews.com initiated coverage on shares of Medical Properties Trust in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Mizuho dropped their price objective on shares of Medical Properties Trust from $20.00 to $18.00 in a research note on Friday, December 2nd. Finally, Barclays dropped their price objective on shares of Medical Properties Trust from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, January 27th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Medical Properties Trust presently has a consensus rating of "Moderate Buy" and an average price target of $16.55.
About Medical Properties Trust
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Medical Properties Trust, Inc is a self-advised real estate investment trust, engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals, long-term acute care hospitals, ambulatory surgery centers, hospitals for women and children, regional and community hospitals, medical office buildings, and other single-discipline facilities.
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