Strs Ohio Sells 211,874 Shares of Medical Properties Trust, Inc. $MPW

Strs Ohio reduced its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 94.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,928 shares of the real estate investment trust’s stock after selling 211,874 shares during the quarter. Strs Ohio’s holdings in Medical Properties Trust were worth $60,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPW. Eastern Bank bought a new stake in Medical Properties Trust in the third quarter valued at $28,000. Focus Partners Advisor Solutions LLC bought a new position in Medical Properties Trust in the second quarter worth about $44,000. Brighton Jones LLC bought a new position in Medical Properties Trust in the second quarter worth about $44,000. Drive Wealth Management LLC purchased a new stake in Medical Properties Trust in the second quarter worth about $45,000. Finally, Norges Bank bought a new stake in Medical Properties Trust during the 2nd quarter valued at approximately $45,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Price Performance

Shares of NYSE:MPW opened at $5.04 on Thursday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of -4.27 and a beta of 1.43. The business has a 50-day simple moving average of $5.22 and a two-hundred day simple moving average of $4.93. Medical Properties Trust, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $6.34. The company has a debt-to-equity ratio of 2.06, a quick ratio of 2.68 and a current ratio of 2.68.

Medical Properties Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th were issued a dividend of $0.09 per share. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Thursday, December 11th. Medical Properties Trust’s dividend payout ratio is presently -30.51%.

Wall Street Analysts Forecast Growth

MPW has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Medical Properties Trust in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price objective on Medical Properties Trust from $4.50 to $5.00 and gave the company an “underweight” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $6.17.

Medical Properties Trust Profile

Medical Properties Trust, Inc is a real estate investment trust (REIT) focused on acquiring, financing, and owning net-leased hospital facilities. Through sale-leaseback transactions, direct acquisitions and recapitalizations, the company provides capital to healthcare operators while maintaining long-term, triple-net lease agreements. Its portfolio encompasses general acute care hospitals, rehabilitation facilities and other healthcare-related real estate assets and is structured to deliver stable, long-duration rental income streams.

Founded in 2003 and based in Birmingham, Alabama, Medical Properties Trust completed its initial public offering in 2004.