Medical Properties Trust (NYSE:MPW) Rating Lowered to Sell at Wall Street Zen

Medical Properties Trust (NYSE:MPW - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other research analysts have also issued research reports about the stock. BNP Paribas raised shares of Medical Properties Trust from a "neutral" rating to an "outperform" rating and raised their target price for the company from $5.00 to $9.00 in a research note on Wednesday, March 12th. Royal Bank Of Canada reduced their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating on the stock in a research note on Monday, June 30th. Finally, Wells Fargo & Company raised their target price on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $5.67.

Medical Properties Trust Stock Down 1.8%

Shares of NYSE:MPW opened at $4.38 on Friday. Medical Properties Trust has a 12 month low of $3.51 and a 12 month high of $6.55. The company's 50-day moving average price is $4.72 and its two-hundred day moving average price is $4.88. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 1.99. The firm has a market cap of $2.63 billion, a P/E ratio of -1.58 and a beta of 1.29.

Medical Properties Trust (NYSE:MPW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. 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 return on equity of 31.14% and a negative net margin of 174.35%. The company had revenue of $223.80 million for the quarter, compared to the consensus estimate of $233.80 million. During the same period in the prior year, the company earned $0.24 EPS. The firm's revenue was down 17.5% compared to the same quarter last year. As a group, research analysts forecast that Medical Properties Trust will post 0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Medical Properties Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Novem Group increased its holdings in Medical Properties Trust by 8.1% during the first quarter. Novem Group now owns 27,606 shares of the real estate investment trust's stock worth $166,000 after buying an additional 2,058 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in Medical Properties Trust by 13.4% during the first quarter. Beacon Financial Advisory LLC now owns 20,196 shares of the real estate investment trust's stock worth $122,000 after buying an additional 2,386 shares during the last quarter. Sei Investments Co. increased its holdings in Medical Properties Trust by 6.6% during the fourth quarter. Sei Investments Co. now owns 39,252 shares of the real estate investment trust's stock worth $155,000 after buying an additional 2,438 shares during the last quarter. HB Wealth Management LLC increased its holdings in Medical Properties Trust by 7.1% during the first quarter. HB Wealth Management LLC now owns 38,657 shares of the real estate investment trust's stock worth $233,000 after buying an additional 2,575 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Medical Properties Trust by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock worth $47,000 after buying an additional 2,606 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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