Fortis Capital Advisors LLC Invests $51,000 in Medical Properties Trust, Inc. (NYSE:MPW)

by · The Cerbat Gem

Fortis Capital Advisors LLC bought a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,385 shares of the real estate investment trust’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPW. Norges Bank bought a new stake in Medical Properties Trust during the 4th quarter valued at approximately $25,655,000. Deutsche Bank AG grew its holdings in Medical Properties Trust by 880.2% during the 3rd quarter. Deutsche Bank AG now owns 3,951,543 shares of the real estate investment trust’s stock valued at $21,536,000 after buying an additional 3,548,423 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Medical Properties Trust by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,610,221 shares of the real estate investment trust’s stock valued at $46,926,000 after buying an additional 1,989,853 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Medical Properties Trust by 517.0% during the 4th quarter. BNP Paribas Financial Markets now owns 2,150,378 shares of the real estate investment trust’s stock valued at $10,558,000 after buying an additional 1,801,858 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in Medical Properties Trust by 49.6% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 5,065,844 shares of the real estate investment trust’s stock valued at $27,609,000 after buying an additional 1,680,200 shares in the last quarter. Institutional investors own 71.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MPW. Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and raised their price target for the company from $2.00 to $5.00 in a report on Wednesday, April 17th. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Truist Financial lifted their target price on Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a report on Monday, April 8th. Colliers Securities cut Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $4.25 in a report on Wednesday, April 10th. Finally, BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price for the company in a report on Friday, March 1st. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.75.

View Our Latest Report on Medical Properties Trust

Medical Properties Trust Stock Performance

NYSE MPW remained flat at $5.04 on Friday. The company’s stock had a trading volume of 13,321,606 shares, compared to its average volume of 22,569,134. The company has a current ratio of 3.10, a quick ratio of 2.26 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $4.61 and its two-hundred day simple moving average is $4.34. The company has a market cap of $3.02 billion, a P/E ratio of -2.27, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. Medical Properties Trust, Inc. has a 1-year low of $2.92 and a 1-year high of $10.74.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 11.90%. The ex-dividend date was Friday, April 19th. Medical Properties Trust’s payout ratio is -27.03%.

Medical Properties Trust Company Profile

(Free Report)

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.

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