Medical Properties Trust (NYSE:MPW) Price Target Lowered to $4.50 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has lowered its price target for Medical Properties Trust from $5.00 to $4.50, maintaining an "underweight" rating on the stock.
• The current consensus rating for Medical Properties Trust is "Hold," with a consensus target price of $5.58.
• The company reported earnings per share of $0.14 for the last quarter, missing analysts' expectations, and its revenue decreased by 9.8% year-over-year.

Medical Properties Trust (NYSE:MPW - Free Report) had its target price cut by Wells Fargo & Company from $5.00 to $4.50 in a report released on Wednesday morning,Benzinga reports. They currently have an underweight rating on the real estate investment trust's stock.

A number of other research firms have also commented on MPW. Zacks Research upgraded shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Royal Bank Of Canada lowered 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 Monday, June 30th. Finally, Wall Street Zen lowered shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.58.

Medical Properties Trust Trading Up 2.5%

NYSE:MPW traded up $0.11 during midday trading on Wednesday, reaching $4.51. 6,458,687 shares of the stock traded hands, compared to its average volume of 8,022,274. The company has a fifty day moving average of $4.25 and a 200 day moving average of $4.88. Medical Properties Trust has a 12 month low of $3.51 and a 12 month high of $6.55. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.76 and a current ratio of 2.76. The stock has a market capitalization of $2.71 billion, a P/E ratio of -1.89 and a beta of 1.35.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The firm had revenue of $240.36 million for the quarter, compared to the consensus estimate of $231.90 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company's quarterly revenue was down 9.8% compared to the same quarter last year. On average, research analysts predict that Medical Properties Trust will post 0.78 EPS for the current year.

Medical Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.1%. Medical Properties Trust's dividend payout ratio is currently -13.39%.

Institutional Trading of Medical Properties Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. New Age Alpha Advisors LLC purchased a new stake in shares of Medical Properties Trust in the 1st quarter worth about $617,000. Public Sector Pension Investment Board grew its position in shares of Medical Properties Trust by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 1,903,990 shares of the real estate investment trust's stock worth $11,481,000 after buying an additional 408,133 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Medical Properties Trust in the 1st quarter worth about $478,000. Charles Schwab Investment Management Inc. grew its position in shares of Medical Properties Trust by 13.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust's stock worth $60,424,000 after buying an additional 1,182,028 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Medical Properties Trust in the 1st quarter worth about $7,311,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

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.