Wedge Capital Management L L P NC Trims Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

Wedge Capital Management L L P NC lowered its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,389 shares of the real estate investment trust’s stock after selling 23,943 shares during the period. Wedge Capital Management L L P NC’s holdings in Medical Properties Trust were worth $861,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Greenwich Wealth Management LLC purchased a new position in Medical Properties Trust during the fourth quarter valued at approximately $56,000. Commerzbank Aktiengesellschaft FI grew its stake in Medical Properties Trust by 30.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 123,107 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 28,409 shares in the last quarter. Cetera Trust Company N.A purchased a new position in Medical Properties Trust during the fourth quarter valued at approximately $43,000. Handelsbanken Fonder AB grew its stake in Medical Properties Trust by 24.2% during the fourth quarter. Handelsbanken Fonder AB now owns 123,852 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 24,100 shares in the last quarter. Finally, CWM LLC grew its stake in Medical Properties Trust by 23.0% during the fourth quarter. CWM LLC now owns 21,323 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 3,993 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $4.57 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $4.35. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 13.14%. The ex-dividend date is Friday, April 19th. Medical Properties Trust’s dividend payout ratio (DPR) is -63.83%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MPW. Truist Financial boosted their price target 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. KeyCorp reissued a “sector weight” rating on shares of Medical Properties Trust in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating and upped their price objective for the company from $2.00 to $5.00 in a research note on Wednesday, April 17th. Royal Bank of Canada cut their price objective on shares of Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Finally, Mizuho lowered their price target on shares of Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating for the company in a 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 issued a buy rating to the company. Based on data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $5.75.

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.