Russell Investments Group Ltd. lessened its holdings in Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 19.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 793,242 shares of the real estate investment trust’s stock after selling 192,534 shares during the period. Russell Investments Group Ltd. owned about 0.13% of Medical Properties Trust worth $9,399,000 at the end of the most recent quarter.
→ Is This The End of Capitalism? (From Porter & Company)
Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC raised its holdings in shares of Medical Properties Trust by 5.6% in the 2nd quarter. AE Wealth Management LLC now owns 67,751 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 3,598 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Medical Properties Trust by 8.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 471,278 shares of the real estate investment trust’s stock valued at $5,589,000 after buying an additional 38,408 shares during the last quarter. Mutual Advisors LLC increased its stake in Medical Properties Trust by 13.0% in the 2nd quarter. Mutual Advisors LLC now owns 83,430 shares of the real estate investment trust’s stock valued at $1,274,000 after buying an additional 9,630 shares during the last quarter. SG Americas Securities LLC increased its stake in Medical Properties Trust by 50.9% in the 3rd quarter. SG Americas Securities LLC now owns 82,469 shares of the real estate investment trust’s stock valued at $978,000 after buying an additional 27,815 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its stake in Medical Properties Trust by 13.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 459,458 shares of the real estate investment trust’s stock valued at $5,449,000 after buying an additional 54,102 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.
Medical Properties Trust Stock Down 2.3 %
MPW opened at $12.76 on Tuesday. The company has a 50 day moving average of $12.29 and a 200 day moving average of $13.15. The company has a market cap of $7.63 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87. Medical Properties Trust, Inc. has a 12 month low of $9.90 and a 12 month high of $23.18. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.07.
Medical Properties Trust Announces Dividend
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 $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 9.09%. The ex-dividend date of this dividend was Wednesday, December 7th. Medical Properties Trust’s payout ratio is 55.77%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on MPW shares. Royal Bank of Canada decreased their price objective on shares of Medical Properties Trust from $20.00 to $18.00 in a research note on Tuesday, October 4th. Barclays reduced their target price on shares of Medical Properties Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday. Mizuho reduced their target price on shares of Medical Properties Trust from $20.00 to $18.00 in a research report on Friday, December 2nd. KeyCorp reduced their target price on shares of Medical Properties Trust from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, January 19th. Finally, Bank of America raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $13.00 to $16.00 in a research report on Monday, November 14th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.55.
About Medical Properties Trust
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.
See Also
Want to see what other hedge funds are holding MPW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Medical Properties Trust, Inc. (NYSE:MPW – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Medical Properties Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Medical Properties Trust wasn’t on the list.
While Medical Properties Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
