Schnieders Capital Management LLC cut its position in shares of Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 292,193 shares of the real estate investment trust's stock after selling 6,500 shares during the quarter. Schnieders Capital Management LLC's holdings in Medical Properties Trust were worth $3,465,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Medical Properties Trust by 14.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 273,002 shares of the real estate investment trust's stock worth $3,238,000 after purchasing an additional 34,281 shares during the period. California Public Employees Retirement System raised its stake in Medical Properties Trust by 17.1% during the third quarter. California Public Employees Retirement System now owns 1,369,436 shares of the real estate investment trust's stock worth $16,242,000 after purchasing an additional 199,619 shares during the period. Vicus Capital purchased a new position in Medical Properties Trust during the third quarter worth about $272,000. Metis Global Partners LLC raised its stake in Medical Properties Trust by 56.3% during the third quarter. Metis Global Partners LLC now owns 16,411 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 5,914 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Medical Properties Trust by 13.8% in the 3rd quarter. IFP Advisors Inc now owns 10,084 shares of the real estate investment trust's stock valued at $118,000 after acquiring an additional 1,223 shares during the period. 80.31% of the stock is owned by hedge funds and other institutional investors.
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Medical Properties Trust Stock Down 0.4 %
NYSE MPW traded down $0.05 on Tuesday, hitting $12.44. 4,208,935 shares of the stock were exchanged, compared to its average volume of 12,485,226. 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 fifty-two week low of $9.90 and a fifty-two week high of $22.11. The company has a market cap of $7.44 billion, a PE ratio of 6.00, a PEG ratio of 0.72 and a beta of 0.93. The company has a 50-day moving average price of $12.29 and a 200-day moving average price of $13.03.
Medical Properties Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Thursday, December 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 9.32%. The ex-dividend date was Wednesday, December 7th. Medical Properties Trust's dividend payout ratio (DPR) is presently 55.77%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MPW shares. Barclays reduced their price target on shares of Medical Properties Trust from $19.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, January 27th. Mizuho reduced their price target on shares of Medical Properties Trust from $20.00 to $18.00 in a research note on Friday, December 2nd. Bank of America raised shares of Medical Properties Trust from a "neutral" rating to a "buy" rating and boosted their price target for the company from $13.00 to $16.00 in a research note on Monday, November 14th. They noted that the move was a valuation call. StockNews.com started coverage on shares of Medical Properties Trust in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, KeyCorp reduced their price target on shares of Medical Properties Trust from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, January 19th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.55.
Medical Properties Trust Company Profile
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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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