Medical Properties Trust (NYSE:MPW) Stock Price Up 5.3%

Medical Properties Trust, Inc. (NYSE:MPW) shares were up 5.3% during trading on Wednesday . The stock traded as high as $4.80 and last traded at $4.80. Approximately 4,699,728 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 18,138,383 shares. The stock had previously closed at $4.56.

Analyst Ratings Changes

Several research analysts have issued reports on MPW shares. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Truist Financial lifted their price objective on Medical Properties Trust from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. BNP Paribas cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.00 price objective on shares of Medical Properties Trust in a research report on Tuesday, May 14th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, Medical Properties Trust presently has an average rating of “Hold” and an average price target of $4.86.

Medical Properties Trust Trading Up 0.8 %

The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $2.96 billion, a PE ratio of -2.20, a P/E/G ratio of 0.62 and a beta of 1.27. The business’s fifty day moving average price is $4.62 and its 200 day moving average price is $4.62.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.75). The business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $259.53 million. The business’s revenue was down 21.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. As a group, analysts expect that Medical Properties Trust, Inc. will post 0.9 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 6.49%. The ex-dividend date is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is -14.41%.

Insider Transactions at Medical Properties Trust

In related news, Director C Reynolds Thompson III sold 20,530 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares in the company, valued at $239,310.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the transaction, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth N. Pitman sold 10,025 shares of Medical Properties Trust stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total value of $49,924.50. Following the completion of the transaction, the director now owns 68,653 shares in the company, valued at approximately $341,891.94. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Medical Properties Trust

Institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its stake in shares of Medical Properties Trust by 112.1% in the first quarter. Lindbrook Capital LLC now owns 7,225 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 3,819 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Medical Properties Trust by 435.0% during the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 6,482 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Medical Properties Trust in the first quarter valued at approximately $38,000. Iron Horse Wealth Management LLC grew its holdings in shares of Medical Properties Trust by 166.7% during the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Medical Properties Trust during the 1st quarter worth approximately $43,000. 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.