HighPoint Advisor Group LLC Acquires New Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

HighPoint Advisor Group LLC acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,654 shares of the real estate investment trust’s stock, valued at approximately $62,000.

Other large investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC raised its holdings in Medical Properties Trust by 2,447.6% in the 3rd quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 7,661 shares during the last quarter. Cetera Trust Company N.A acquired a new stake in Medical Properties Trust during the 4th quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC increased its position in Medical Properties Trust by 861.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,615 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 8,615 shares during the period. Ieq Capital LLC acquired a new stake in Medical Properties Trust during the 4th quarter valued at approximately $50,000. Finally, Principal Securities Inc. acquired a new stake in Medical Properties Trust during the 4th quarter valued at approximately $50,000. Institutional investors own 71.79% of the company’s stock.

Analyst Upgrades and Downgrades

MPW has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Colliers Securities downgraded shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $4.25 in a research report on Wednesday, April 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $5.00 price objective on shares of Medical Properties Trust in a research report on Tuesday, May 14th. StockNews.com downgraded shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Finally, BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research note on Friday, March 1st. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Medical Properties Trust has a consensus rating of “Hold” and an average target price of $5.80.

Medical Properties Trust Stock Performance

Shares of MPW stock opened at $4.80 on Monday. 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, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $10.74. The stock has a 50 day moving average price of $4.93 and a two-hundred day moving average price of $4.39. The company has a market capitalization of $2.88 billion, a P/E ratio of -2.16, a PEG ratio of 0.69 and a beta of 1.27.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.50%. Medical Properties Trust’s dividend payout ratio is presently -27.03%.

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.