abrdn plc Boosts Stake in Medical Properties Trust, Inc. (NYSE:MPW)

abrdn plc raised its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW - Free Report) by 321.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 527,138 shares of the real estate investment trust's stock after acquiring an additional 401,920 shares during the period. abrdn plc owned about 0.09% of Medical Properties Trust worth $2,588,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MPW. Arizona State Retirement System increased its holdings in shares of Medical Properties Trust by 1.4% in the third quarter. Arizona State Retirement System now owns 170,355 shares of the real estate investment trust's stock worth $928,000 after buying an additional 2,304 shares during the period. United Services Automobile Association increased its stake in Medical Properties Trust by 9.7% in the 3rd quarter. United Services Automobile Association now owns 42,220 shares of the real estate investment trust's stock worth $230,000 after purchasing an additional 3,721 shares during the period. Meeder Advisory Services Inc. lifted its position in Medical Properties Trust by 34.4% in the third quarter. Meeder Advisory Services Inc. now owns 14,741 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 3,771 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in shares of Medical Properties Trust by 11.8% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 38,277 shares of the real estate investment trust's stock valued at $188,000 after purchasing an additional 4,043 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Medical Properties Trust by 2.4% during the third quarter. Van ECK Associates Corp now owns 182,391 shares of the real estate investment trust's stock valued at $994,000 after purchasing an additional 4,260 shares during the period. 71.79% of the stock is owned by hedge funds and other institutional investors.

Medical Properties Trust Stock Up 6.0 %

MPW traded up $0.27 during trading on Monday, reaching $4.78. The stock had a trading volume of 11,446,802 shares, compared to its average volume of 21,988,904. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -5.09, a P/E/G ratio of 1.36 and a beta of 1.20. The stock's 50 day moving average is $4.31 and its two-hundred day moving average is $4.33. Medical Properties Trust, Inc. has a one year low of $2.92 and a one year high of $10.74.

Medical Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.60 annualized dividend and a dividend yield of 12.55%. Medical Properties Trust's payout ratio is -63.83%.

Analysts Set New Price Targets

Several research analysts recently commented on MPW shares. Colliers Securities downgraded shares of Medical Properties Trust from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $10.00 to $4.25 in a research note on Wednesday, April 10th. StockNews.com downgraded shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Thursday, February 22nd. Mizuho dropped their target price on shares of Medical Properties Trust from $9.00 to $7.00 and set a "neutral" rating for the company in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft raised Medical Properties Trust from a "sell" rating to a "hold" rating and upped their price target for the company from $2.00 to $5.00 in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada cut their price objective on Medical Properties Trust from $8.00 to $5.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 20th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.75.

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.