Medical Properties Trust (NYSE:MPW) Shares Up 2.7%

Medical Properties Trust, Inc. (NYSE:MPW) shares traded up 2.7% during trading on Tuesday . The company traded as high as $4.50 and last traded at $4.50. 2,663,087 shares traded hands during trading, a decline of 86% from the average session volume of 18,393,189 shares. The stock had previously closed at $4.38.

Wall Street Analysts Forecast Growth

MPW has been the subject of a number of research analyst reports. Truist Financial raised their price target on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. StockNews.com cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. BNP Paribas lowered Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $5.00 price target on shares of Medical Properties Trust in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.86.

Medical Properties Trust Trading Up 1.1 %

The business has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.58. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -1.98, a price-to-earnings-growth ratio of 0.65 and a beta of 1.27.

Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The company had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. On average, equities analysts predict that Medical Properties Trust, Inc. will post 0.88 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -14.41%.

Insider Transactions at Medical Properties Trust

In other Medical Properties Trust news, Director Elizabeth N. Pitman sold 10,025 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the sale, the director now directly owns 68,653 shares in the company, valued at $341,891.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.53% of the company’s stock.

Institutional Investors Weigh In On Medical Properties Trust

A number of large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC grew its position in Medical Properties Trust by 0.6% in the second quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock valued at $1,746,000 after acquiring an additional 2,246 shares in the last quarter. Keynote Financial Services LLC grew its holdings in Medical Properties Trust by 4.8% during the 2nd quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 2,715 shares in the last quarter. Arizona State Retirement System increased its stake in Medical Properties Trust by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock worth $723,000 after buying an additional 3,103 shares during the period. Collective Family Office LLC increased its stake in Medical Properties Trust by 16.8% during the 1st quarter. Collective Family Office LLC now owns 21,720 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 3,120 shares during the period. Finally, Amalgamated Bank lifted its holdings in Medical Properties Trust by 0.9% in the 4th quarter. Amalgamated Bank now owns 376,806 shares of the real estate investment trust’s stock worth $1,850,000 after buying an additional 3,322 shares in the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

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.