Amalgamated Bank cut its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW – Free Report) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,484 shares of the real estate investment trust’s stock after selling 17,576 shares during the period. Amalgamated Bank’s holdings in Medical Properties Trust were worth $2,035,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MPW. Massmutual Trust Co. FSB ADV grew its position in Medical Properties Trust by 87.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,881 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 1,346 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in Medical Properties Trust by 100.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,500 shares during the last quarter. Riverview Trust Co boosted its position in Medical Properties Trust by 313.8% in the 3rd quarter. Riverview Trust Co now owns 9,128 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 6,922 shares during the last quarter. Harbour Investments Inc. boosted its position in Medical Properties Trust by 1,247.4% in the 4th quarter. Harbour Investments Inc. now owns 4,608 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 4,266 shares during the last quarter. Finally, Gratus Capital LLC bought a new position in Medical Properties Trust in the 3rd quarter valued at $57,000. 76.46% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Stifel Nicolaus lowered Medical Properties Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $12.00 to $4.50 in a research report on Friday, November 10th. Mizuho decreased their price objective on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 3rd. TheStreet lowered Medical Properties Trust from a “c-” rating to a “d+” rating in a research report on Thursday, October 19th. Deutsche Bank Aktiengesellschaft began coverage on Medical Properties Trust in a research report on Tuesday, January 30th. They issued a “sell” rating and a $2.00 price objective on the stock. Finally, KeyCorp reissued a “sector weight” rating on shares of Medical Properties Trust in a research note on Friday, January 5th. 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 stock. According to MarketBeat, Medical Properties Trust has an average rating of “Hold” and a consensus target price of $8.00.
Medical Properties Trust Stock Performance
MPW opened at $3.64 on Tuesday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -52.00, a P/E/G ratio of 0.90 and a beta of 1.11. The business’s 50-day moving average price is $4.06 and its two-hundred day moving average price is $5.36. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $13.14. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.52 and a quick ratio of 3.52.
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.
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