Raymond James Financial Inc. Purchases Shares of 535,291 Medical Properties Trust, Inc. (NYSE:MPW)

Raymond James Financial Inc. purchased a new stake in Medical Properties Trust, Inc. (NYSE:MPW) during the fourth quarter, HoldingsChannel reports. The firm purchased 535,291 shares of the real estate investment trust’s stock, valued at approximately $2,114,000.

Several other large investors also recently modified their holdings of MPW. Allworth Financial LP grew its holdings in Medical Properties Trust by 230.4% in the 4th quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 4,241 shares in the last quarter. RFG Advisory LLC acquired a new stake in Medical Properties Trust in the fourth quarter valued at about $40,000. Silver Oak Securities Incorporated bought a new stake in shares of Medical Properties Trust during the 4th quarter valued at approximately $40,000. Verus Capital Partners LLC bought a new position in shares of Medical Properties Trust in the 4th quarter valued at $40,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Medical Properties Trust during the fourth quarter worth about $44,000. 71.79% of the stock is owned by institutional investors.

Medical Properties Trust Stock Down 2.8 %

Medical Properties Trust stock opened at $6.04 on Monday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of -1.43, a P/E/G ratio of 1.01 and a beta of 1.32. The firm has a 50 day simple moving average of $5.25 and a 200 day simple moving average of $4.84. Medical Properties Trust, Inc. has a 1-year low of $3.51 and a 1-year high of $6.55. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust’s payout ratio is presently -8.42%.

Analyst Upgrades and Downgrades

Several research analysts have commented on MPW shares. StockNews.com raised Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Wells Fargo & Company increased their price target on Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Mizuho cut their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Royal Bank of Canada boosted their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, March 10th. Finally, Truist Financial cut their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.64.

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.