Michael G. Stewart Sells 32,780 Shares of Medical Properties Trust, Inc. (NYSE:MPW) Stock

Medical Properties Trust, Inc. (NYSE:MPW) Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the sale, the director now directly owns 221,245 shares of the company’s stock, valued at $1,207,997.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Medical Properties Trust Price Performance

NYSE:MPW opened at $4.96 on Friday. The stock has a market cap of $2.98 billion, a PE ratio of -2.23, a P/E/G ratio of 0.84 and a beta of 1.29. 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 business’s 50-day simple moving average is $5.14 and its two-hundred day simple moving average is $4.88. Medical Properties Trust, Inc. has a 52 week low of $2.92 and a 52 week high of $6.55.

Medical Properties Trust (NYSE:MPW) last posted 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 analyst estimates of $259.53 million. During the same period last year, the firm earned $0.48 EPS. Medical Properties Trust’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, analysts forecast that Medical Properties Trust, Inc. will post 0.87 EPS for the current fiscal year.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, September 9th. This represents a $0.32 annualized dividend and a yield of 6.45%. Medical Properties Trust’s payout ratio is -14.41%.

Wall Street Analyst Weigh In

Several research firms have recently commented on MPW. Truist Financial upped their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 13th. BNP Paribas cut shares of 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 report on Tuesday, July 2nd. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Medical Properties Trust currently has an average rating of “Hold” and an average price target of $5.22.

Institutional Trading of Medical Properties Trust

Several hedge funds have recently bought and sold shares of MPW. Future Financial Wealth Managment LLC purchased a new stake in shares of Medical Properties Trust in the third quarter worth about $29,000. GAMMA Investing LLC raised its holdings in shares of Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 3,145 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Medical Properties Trust by 4.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 239,752 shares of the real estate investment trust’s stock valued at $1,403,000 after acquiring an additional 9,400 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Medical Properties Trust by 88.9% in the third quarter. SG Americas Securities LLC now owns 172,500 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 81,183 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. raised its stake in Medical Properties Trust by 3.4% during the third quarter. Ables Iannone Moore & Associates Inc. now owns 58,707 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 1,939 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Company Profile

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.