Medical Properties Trust, Inc. $MPW Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 80.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,999 shares of the real estate investment trust’s stock after selling 413,036 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Medical Properties Trust were worth $512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Eastern Bank acquired a new position in Medical Properties Trust during the 3rd quarter valued at approximately $28,000. Hantz Financial Services Inc. increased its position in Medical Properties Trust by 346.5% in the third quarter. Hantz Financial Services Inc. now owns 7,274 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 5,645 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in Medical Properties Trust in the second quarter valued at $44,000. Brighton Jones LLC acquired a new position in shares of Medical Properties Trust during the second quarter valued at $44,000. Finally, Norges Bank bought a new position in shares of Medical Properties Trust during the second quarter worth about $45,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MPW. Wells Fargo & Company lifted their price objective on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company an “underweight” rating in a research report on Tuesday, November 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Medical Properties Trust in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $6.17.

Medical Properties Trust Trading Down 0.3%

Shares of NYSE:MPW opened at $5.04 on Friday. The company has a 50 day moving average of $5.10 and a 200-day moving average of $5.02. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 2.06. The firm has a market cap of $3.03 billion, a P/E ratio of -4.27 and a beta of 1.43. Medical Properties Trust, Inc. has a twelve month low of $3.95 and a twelve month high of $6.34.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a real estate investment trust (REIT) focused on acquiring, financing, and owning net-leased hospital facilities. Through sale-leaseback transactions, direct acquisitions and recapitalizations, the company provides capital to healthcare operators while maintaining long-term, triple-net lease agreements. Its portfolio encompasses general acute care hospitals, rehabilitation facilities and other healthcare-related real estate assets and is structured to deliver stable, long-duration rental income streams.

Founded in 2003 and based in Birmingham, Alabama, Medical Properties Trust completed its initial public offering in 2004.