Medical Properties Trust (NYSE:MPW) Trading Down 2.3% – What’s Next?

Medical Properties Trust, Inc. (NYSE:MPW) shares dropped 2.3% during trading on Tuesday . The company traded as low as $3.72 and last traded at $3.74. Approximately 2,135,903 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 16,350,663 shares. The stock had previously closed at $3.83.

Wall Street Analyst Weigh In

Several analysts have recently commented on MPW shares. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Friday, September 13th. Truist Financial decreased their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Mizuho dropped their target price on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Finally, Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.92.

Medical Properties Trust Trading Down 2.6 %

The stock has a market cap of $2.24 billion, a PE ratio of -0.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. The company has a 50 day moving average of $4.38 and a two-hundred day moving average of $4.74. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 8.58%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s payout ratio is presently -7.58%.

Insider Buying and Selling at Medical Properties Trust

In related news, Director Michael G. Stewart sold 32,780 shares of the 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 transaction, the director now directly owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 business. Ables Iannone Moore & Associates Inc. lifted its stake in shares of Medical Properties Trust by 3.4% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 58,707 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 1,939 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Medical Properties Trust by 0.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock worth $1,746,000 after purchasing an additional 2,246 shares during the last quarter. KG&L Capital Management LLC grew its position in shares of Medical Properties Trust by 5.3% in the third quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 2,550 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Medical Properties Trust by 1.9% in the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after purchasing an additional 3,103 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Medical Properties Trust by 107.3% in the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,145 shares during 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.