Millennium Management LLC trimmed its position in shares of Medical Properties Trust (NYSE:MPW) by 70.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 522,040 shares of the real estate investment trust’s stock after selling 1,220,283 shares during the quarter. Millennium Management LLC owned 0.14% of Medical Properties Trust worth $7,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of MPW. First Dallas Securities Inc. purchased a new position in Medical Properties Trust during the 4th quarter worth $106,000. Assetmark Inc. boosted its holdings in Medical Properties Trust by 485.0% during the 4th quarter. Assetmark Inc. now owns 9,676 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 8,022 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new position in Medical Properties Trust during the 3rd quarter worth $137,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Medical Properties Trust during the 4th quarter worth $138,000. Finally, Bank of Hawaii purchased a new position in Medical Properties Trust during the 4th quarter worth $166,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:MPW opened at $12.55 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $4,642.57, a P/E ratio of 9.30, a P/E/G ratio of 2.57 and a beta of 0.69. Medical Properties Trust has a fifty-two week low of $11.82 and a fifty-two week high of $14.22.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Thursday, March 15th were issued a $0.25 dividend. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date of this dividend was Wednesday, March 14th. Medical Properties Trust’s payout ratio is 74.07%.
A number of research firms have issued reports on MPW. ValuEngine downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Deutsche Bank cut their price objective on shares of Medical Properties Trust from $13.50 to $13.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Zacks Investment Research raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. JPMorgan Chase raised shares of Medical Properties Trust from an “underweight” rating to a “neutral” rating and set a $14.50 price objective on the stock in a report on Friday, December 15th. Finally, Robert W. Baird downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $13.00 in a report on Friday, January 5th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Medical Properties Trust currently has a consensus rating of “Hold” and an average price target of $14.28.
In other Medical Properties Trust news, Chairman Edward K. Aldag, Jr. sold 489,971 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $12.39, for a total transaction of $6,070,740.69. Following the sale, the chairman now directly owns 2,192,629 shares of the company’s stock, valued at $27,166,673.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Edward K. Aldag, Jr. sold 116,216 shares of the company’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $12.56, for a total transaction of $1,459,672.96. Following the sale, the chairman now directly owns 1,759,620 shares in the company, valued at $22,100,827.20. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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