Medical Properties Trust (NYSE:MPW) Shares Down 1.5%

Medical Properties Trust, Inc. (NYSE:MPW)’s stock price fell 1.5% during trading on Tuesday . The stock traded as low as $4.59 and last traded at $4.67. 4,590,262 shares traded hands during trading, a decline of 80% from the average session volume of 23,009,420 shares. The stock had previously closed at $4.74.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPW. Truist Financial upped their target price on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Medical Properties Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $2.00 price objective for the company. StockNews.com cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. KeyCorp restated a “sector weight” rating on shares of Medical Properties Trust in a research note on Friday, January 5th. Finally, BNP Paribas upgraded shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price objective for the company in a research note on Friday, March 1st. Six analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.48.

Medical Properties Trust Trading Down 0.2 %

The company’s fifty day moving average price is $4.08 and its two-hundred day moving average price is $4.37. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The firm has a market cap of $2.83 billion, a P/E ratio of -4.97, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.68%. The ex-dividend date of this dividend is Friday, April 19th. Medical Properties Trust’s payout ratio is -63.83%.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in Medical Properties Trust by 94.8% during the 1st quarter. Covestor Ltd now owns 4,505 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 2,192 shares during the last quarter. Harbour Investments Inc. grew its holdings in Medical Properties Trust by 1,247.4% during the 4th quarter. Harbour Investments Inc. now owns 4,608 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 4,266 shares during the last quarter. First Manhattan Co. bought a new position in shares of Medical Properties Trust in the 1st quarter valued at about $98,000. Advisors Asset Management Inc. bought a new position in shares of Medical Properties Trust in the 3rd quarter valued at about $28,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Medical Properties Trust by 43.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,402 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,649 shares during the last quarter. Institutional investors 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.