Bright Futures Wealth Management LLC. Acquires Shares of 13,209 Medical Properties Trust, Inc. (NYSE:MPW)

Bright Futures Wealth Management LLC. acquired a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,209 shares of the real estate investment trust’s stock, valued at approximately $62,000.

Other large investors have also bought and sold shares of the company. Amalgamated Bank lifted its stake in Medical Properties Trust by 0.9% during the 4th quarter. Amalgamated Bank now owns 376,806 shares of the real estate investment trust’s stock valued at $1,850,000 after acquiring an additional 3,322 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Medical Properties Trust by 5.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,546,115 shares of the real estate investment trust’s stock worth $22,321,000 after acquiring an additional 228,716 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Medical Properties Trust by 5.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 378,885 shares of the real estate investment trust’s stock worth $1,857,000 after acquiring an additional 18,916 shares during the last quarter. Norges Bank purchased a new stake in Medical Properties Trust in the 4th quarter worth about $25,655,000. Finally, HighPoint Advisor Group LLC purchased a new stake in Medical Properties Trust in the 4th quarter worth about $62,000. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Trading Up 1.7 %

MPW stock traded up $0.08 on Friday, reaching $4.71. The company’s stock had a trading volume of 12,622,384 shares, compared to its average volume of 12,443,170. The business has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $4.41. Medical Properties Trust, Inc. has a 12-month low of $2.92 and a 12-month high of $10.12. The firm has a market cap of $2.83 billion, a PE ratio of -2.12, a PEG ratio of 0.65 and a beta of 1.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.10 and a current ratio of 3.10.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th were issued a $0.15 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 12.74%. Medical Properties Trust’s dividend payout ratio (DPR) is -27.03%.

Analysts Set New Price Targets

A number of research firms have weighed in on MPW. Truist Financial lifted their target price on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $5.00 target price on shares of Medical Properties Trust in a report on Tuesday, May 14th. Colliers Securities lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $4.25 in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft raised Medical Properties Trust from a “sell” rating to a “hold” rating and lifted their target price for the company from $2.00 to $5.00 in a report on Wednesday, April 17th. Finally, StockNews.com lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.61.

About Medical Properties Trust

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.