Alaska Permanent Fund Corp Purchases 37,585 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Alaska Permanent Fund Corp raised its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,285 shares of the real estate investment trust’s stock after acquiring an additional 37,585 shares during the period. Alaska Permanent Fund Corp’s holdings in Medical Properties Trust were worth $1,430,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its holdings in Medical Properties Trust by 86.5% during the fourth quarter. Wolverine Asset Management LLC now owns 363,815 shares of the real estate investment trust’s stock valued at $1,786,000 after acquiring an additional 168,703 shares during the period. Greenwich Wealth Management LLC bought a new stake in shares of Medical Properties Trust in the fourth quarter valued at about $56,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Medical Properties Trust by 30.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 123,107 shares of the real estate investment trust’s stock valued at $605,000 after buying an additional 28,409 shares during the period. Cetera Trust Company N.A bought a new stake in shares of Medical Properties Trust in the fourth quarter valued at about $43,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Medical Properties Trust by 24.2% in the fourth quarter. Handelsbanken Fonder AB now owns 123,852 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 24,100 shares during the period. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Stock Performance

NYSE MPW opened at $4.58 on Friday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -4.86, a PEG ratio of 1.38 and a beta of 1.20. The company has a 50 day moving average of $4.27 and a 200-day moving average of $4.35. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $10.74.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.10%. The ex-dividend date of this dividend is Friday, April 19th. Medical Properties Trust’s dividend payout ratio is currently -63.83%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MPW shares. Royal Bank of Canada reduced their target price 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. BNP Paribas upgraded shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price for the company in a research note on Friday, March 1st. Colliers Securities lowered shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $4.25 in a research report on Wednesday, April 10th. Truist Financial increased 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 report on Monday, April 8th. Finally, Mizuho dropped 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 research report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.75.

Medical Properties Trust 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.