QRG Capital Management Inc. Trims Stock Position in Medical Properties Trust, Inc. (NYSE:MPW)

QRG Capital Management Inc. lessened its position in Medical Properties Trust, Inc. (NYSE:MPW) by 59.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,354 shares of the real estate investment trust’s stock after selling 28,245 shares during the period. QRG Capital Management Inc.’s holdings in Medical Properties Trust were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MPW. Van ECK Associates Corp raised its position in shares of Medical Properties Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 251,959 shares of the real estate investment trust’s stock valued at $1,474,000 after buying an additional 27,597 shares during the last quarter. Jmac Enterprises LLC acquired a new position in shares of Medical Properties Trust in the third quarter valued at approximately $70,000. Sittner & Nelson LLC acquired a new position in shares of Medical Properties Trust in the third quarter valued at approximately $234,000. CWA Asset Management Group LLC acquired a new position in shares of Medical Properties Trust in the third quarter valued at approximately $878,000. Finally, Wolverine Asset Management LLC raised its position in shares of Medical Properties Trust by 27.8% in the third quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock valued at $3,030,000 after buying an additional 112,721 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial dropped their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Mizuho dropped their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.92.

Medical Properties Trust Price Performance

Medical Properties Trust stock opened at $6.01 on Friday. Medical Properties Trust, Inc. has a 52-week low of $3.51 and a 52-week high of $6.55. The firm has a fifty day moving average of $4.60 and a 200-day moving average of $4.69. The firm has a market capitalization of $3.61 billion, a P/E ratio of -1.42, a PEG ratio of 1.01 and a beta of 1.32. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust’s payout ratio is currently -8.42%.

Insider Transactions at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the transaction, the chief accounting officer now directly owns 366,913 shares in the company, valued at approximately $1,364,916.36. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.53% of the company’s stock.

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.