Resona Asset Management Co. Ltd. Invests $894,000 in Medical Properties Trust, Inc. (NYSE:MPW)

Resona Asset Management Co. Ltd. bought a new stake in Medical Properties Trust, Inc. (NYSE:MPW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 238,399 shares of the real estate investment trust’s stock, valued at approximately $894,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Indie Asset Partners LLC increased its holdings in shares of Medical Properties Trust by 16.7% during the fourth quarter. Indie Asset Partners LLC now owns 15,384 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 2,204 shares during the period. Sei Investments Co. grew its position in Medical Properties Trust by 6.6% in the 4th quarter. Sei Investments Co. now owns 39,252 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 2,438 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in Medical Properties Trust by 2.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 111,490 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 2,948 shares during the period. Vanderbilt University raised its position in shares of Medical Properties Trust by 7.5% during the 4th quarter. Vanderbilt University now owns 44,813 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 3,117 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Medical Properties Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 60,065 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 3,266 shares during the period. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Trading Down 3.8 %

Shares of MPW opened at $5.16 on Friday. The business’s 50-day moving average price is $5.45 and its 200 day moving average price is $4.81. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $3.10 billion, a P/E ratio of -1.22, a P/E/G ratio of 1.01 and a beta of 1.27. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55.

Medical Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.21%. Medical Properties Trust’s dividend payout ratio is currently -8.42%.

Analysts Set New Price Targets

A number of research analysts recently commented on MPW shares. StockNews.com upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. Truist Financial cut their price objective on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada lifted their target price on Medical Properties Trust from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company upped their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.64.

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.