Medical Properties Trust, Inc. (NYSE:MPW) Given Average Rating of “Reduce” by Brokerages

Medical Properties Trust, Inc. (NYSE:MPW) has earned an average rating of “Reduce” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.22.

Several analysts have recently commented on the company. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a report on Friday, September 13th. Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. BNP Paribas lowered shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Finally, Truist Financial increased their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th.

Insider Buying and Selling

In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the transaction, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares in the company, valued at $461,207.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares of the company’s stock, valued at $239,310.06. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Institutional Investors Weigh In On Medical Properties Trust

Several hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Medical Properties Trust in the fourth quarter worth approximately $25,655,000. Corient Private Wealth LLC boosted its holdings in shares of Medical Properties Trust by 4.1% in the 4th quarter. Corient Private Wealth LLC now owns 109,815 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 4,309 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Medical Properties Trust by 1.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 679,570 shares of the real estate investment trust’s stock valued at $3,337,000 after buying an additional 10,400 shares during the period. Parallel Advisors LLC increased its holdings in shares of Medical Properties Trust by 81.1% during the 4th quarter. Parallel Advisors LLC now owns 14,672 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 6,571 shares during the last quarter. Finally, United Services Automobile Association raised its position in shares of Medical Properties Trust by 9.0% in the 4th quarter. United Services Automobile Association now owns 46,006 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 3,786 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Trading Up 2.3 %

NYSE MPW opened at $5.69 on Friday. Medical Properties Trust has a one year low of $2.92 and a one year high of $6.55. The firm has a market cap of $3.41 billion, a PE ratio of -2.56, a P/E/G ratio of 0.84 and a beta of 1.28. The firm’s fifty day moving average is $5.10 and its two-hundred day moving average is $4.84. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.93 and a current ratio of 2.93.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.75). The business had revenue of $266.60 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.48 earnings per share. Analysts expect that Medical Properties Trust will post 0.87 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.62%. Medical Properties Trust’s dividend payout ratio (DPR) is -14.41%.

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.