Adams Asset Advisors LLC bought a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPT – Free Report) during the 3rd quarter, Holdings Channel reports. The fund bought 213,470 shares of the company’s stock, valued at approximately $739,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi lifted its stake in Medical Properties Trust by 1.6% in the second quarter. Amundi now owns 388,683 shares of the company’s stock worth $1,796,000 after acquiring an additional 6,252 shares during the period. Continuum Advisory LLC purchased a new position in Medical Properties Trust during the 2nd quarter valued at $31,000. Nykredit A S purchased a new position in Medical Properties Trust during the 2nd quarter valued at $41,000. OneAscent Family Office LLC bought a new position in Medical Properties Trust in the 2nd quarter worth $49,000. Finally, Tidal Investments LLC bought a new position in Medical Properties Trust in the 2nd quarter worth $49,000. Institutional investors own 71.79% of the company’s stock.
Medical Properties Trust Stock Down 1.2%
Shares of MPT stock traded down $0.04 during trading hours on Thursday, hitting $3.19. 18,863,372 shares of the company’s stock traded hands, compared to its average volume of 7,130,413. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16. The stock’s fifty day simple moving average is $3.92 and its two-hundred day simple moving average is $4.53. Medical Properties Trust, Inc. has a 12-month low of $3.10 and a 12-month high of $6.47. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -53.17 and a beta of 1.45.
Medical Properties Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio is currently -600.00%.
Analysts Set New Price Targets
MPT has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating for the company in a research report on Tuesday, September 1st. Royal Bank Of Canada decreased their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Finally, Weiss Ratings lowered shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Sell” and a consensus target price of $4.15.
Check Out Our Latest Analysis on MPT
Medical Properties Trust Company Profile
Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust focused on owning and investing in healthcare facilities. The company primarily acquires and leases hospitals and other healthcare properties to healthcare operators under long-term agreements, providing real estate capital that can support facility expansion, modernization and operations.
Its portfolio has historically included general acute-care hospitals, inpatient rehabilitation facilities, behavioral health facilities and other specialized healthcare properties.
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