Medical Properties Trust (NYSE:MPT) Shares Gap Down - What's Next?

Key Points

• Medical Properties Trust shares fell sharply, opening at $4.50 versus a previous close of $4.70 and later trading at $4.28 on volume of about 4.2 million shares.
• Analyst sentiment is cautious: RBC cut its price target to $4.50, Weiss Ratings downgraded the stock to “sell,” and the consensus rating is “Reduce” with a $4.50 target.
• The company reported quarterly revenue growth of 7.9% year over year and met earnings expectations at $0.15 per share, while maintaining a $0.09 quarterly dividend, equivalent to an 8.8% yield.

Medical Properties Trust, Inc. (NYSE:MPT - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $4.70, but opened at $4.50. Medical Properties Trust shares last traded at $4.28, with a volume of 4,200,191 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a report on Thursday, June 18th. Weiss Ratings downgraded Medical Properties Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $4.50.

Medical Properties Trust Price Performance

The company has a debt-to-equity ratio of 2.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a market capitalization of $2.46 billion, a P/E ratio of -19.57 and a beta of 1.41. The business's fifty day simple moving average is $4.72.

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 for the quarter, meeting analysts' consensus estimates of $0.15. Medical Properties Trust had a negative return on equity of 2.70% and a negative net margin of 12.59%.The business had revenue of $259.28 million during the quarter. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Medical Properties Trust, Inc. will post 0.63 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 8.8%. The ex-dividend date was Thursday, June 18th. Medical Properties Trust's dividend payout ratio is currently -171.43%.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Private Wealth Services LLC acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at $92,000. Nadler Financial Group Inc. acquired a new stake in Medical Properties Trust during the second quarter valued at $97,000. Ethic Inc. acquired a new stake in Medical Properties Trust during the second quarter valued at $112,000. Focus Partners Advisor Solutions LLC purchased a new position in Medical Properties Trust in the second quarter valued at $124,000. Finally, Meeder Advisory Services Inc. purchased a new position in Medical Properties Trust in the second quarter valued at $130,000. 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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