LPL Financial LLC Trims Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

LPL Financial LLC decreased its stake in Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 763,469 shares of the real estate investment trust's stock after selling 245,137 shares during the period. LPL Financial LLC owned 0.13% of Medical Properties Trust worth $3,016,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

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

Medical Properties Trust Price Performance

NYSE MPW traded up $0.06 during trading hours on Thursday, reaching $5.45. 966,264 shares of the stock traded hands, compared to its average volume of 12,287,944. The stock has a 50 day simple moving average of $5.50 and a two-hundred day simple moving average of $4.80. Medical Properties Trust, Inc. has a 1 year low of $3.51 and a 1 year high of $6.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -1.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.27.

Medical Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 10th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Monday, March 10th. Medical Properties Trust's dividend payout ratio (DPR) is presently -8.42%.

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.