Medical Properties Trust, Inc. (NYSE:MPW) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) by 95.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,488 shares of the real estate investment trust’s stock after selling 1,712,970 shares during the period. Federated Hermes Inc.’s holdings in Medical Properties Trust were worth $1,002,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MPW. Private Trust Co. NA acquired a new position in Medical Properties Trust in the second quarter worth about $26,000. Ronald Blue Trust Inc. acquired a new position in Medical Properties Trust in the second quarter worth about $39,000. CNB Bank acquired a new position in Medical Properties Trust in the second quarter worth about $29,000. Meeder Asset Management Inc. boosted its stake in Medical Properties Trust by 127.3% in the second quarter. Meeder Asset Management Inc. now owns 3,103 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,738 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Medical Properties Trust in the third quarter valued at approximately $41,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Medical Properties Trust Price Performance

Shares of NYSE:MPW opened at $8.69 on Tuesday. Medical Properties Trust, Inc. has a 12 month low of $8.37 and a 12 month high of $21.63. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 0.55 and a beta of 0.96. The stock’s 50 day moving average price is $12.02 and its 200 day moving average price is $12.14. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.92 and a quick ratio of 1.92.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Thursday, March 16th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, March 15th. This represents a $1.16 annualized dividend and a yield of 13.35%. Medical Properties Trust’s payout ratio is 77.33%.

Analyst Upgrades and Downgrades

MPW has been the subject of a number of research reports. KeyCorp decreased their target price on Medical Properties Trust from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, January 19th. Mizuho decreased their target price on Medical Properties Trust from $20.00 to $18.00 in a research note on Friday, December 2nd. Barclays decreased their target price on Medical Properties Trust from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, February 27th. JPMorgan Chase & Co. decreased their target price on Medical Properties Trust from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 3rd. Finally, Raymond James decreased their target price on Medical Properties Trust from $18.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 2nd. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.36.

About Medical Properties Trust

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Medical Properties Trust, Inc is a self-advised real estate investment trust, engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals, long-term acute care hospitals, ambulatory surgery centers, hospitals for women and children, regional and community hospitals, medical office buildings, and other single-discipline facilities.