Medical Properties Trust (NYSE:MPT) Hits New 1-Year Low - Here's Why

Key Points

• Medical Properties Trust shares fell to a new 52-week low of $3.98, down from the prior close of $4.05, amid analyst caution. Weiss Ratings downgraded the stock to “sell,” while RBC lowered its price target to $4.50; the consensus rating is “Reduce.”
• The REIT reported quarterly EPS of $0.15, matching estimates, while revenue rose 7.9% year over year to $259.28 million. However, it posted a negative net margin and return on equity.
• MPT declared a quarterly dividend of $0.09, equivalent to $0.36 annually and a 9.0% yield. Institutional investors own approximately 71.79% of the company, and several funds recently initiated positions.

Shares of Medical Properties Trust, Inc. (NYSE:MPT - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $3.98 and last traded at $3.99, with a volume of 4475316 shares changing hands. The stock had previously closed at $4.05.

Analyst Ratings Changes

MPT has been the topic of several analyst reports. Weiss Ratings cut Medical Properties Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada cut their price target on Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating on the stock in a report on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $4.50.

Medical Properties Trust Trading Down 1.0%

The business has a fifty day moving average of $4.61. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a market cap of $2.39 billion, a P/E ratio of -66.83 and a beta of 1.41.

Medical Properties Trust (NYSE:MPT - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $259.28 million during the quarter. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Medical Properties Trust, Inc. will post 0.63 EPS for the current year.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be issued a $0.09 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.0%. Medical Properties Trust's dividend payout ratio is presently -600.00%.

Institutional Investors Weigh In On Medical Properties Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. OneAscent Family Office LLC acquired a new position in Medical Properties Trust in the second quarter valued at approximately $49,000. Greenspring Advisors LLC acquired a new stake in Medical Properties Trust during the second quarter worth approximately $54,000. Callan Family Office LLC purchased a new stake in shares of Medical Properties Trust during the 2nd quarter worth approximately $66,000. Allworth Financial LP acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at $76,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at $81,000. Institutional investors and hedge funds own 71.79% of the company's stock.

About Medical Properties Trust

Medical Properties Trust, Inc NYSE: MPT is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.

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