Medical Properties Trust (NYSE:MPW) Stock Price Up 12.8% - Still a Buy?

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report)'s stock price rose 12.8% during trading on Tuesday . The company traded as high as $4.53 and last traded at $4.55. Approximately 8,614,414 shares traded hands during trading, a decline of 19% from the average daily volume of 10,619,259 shares. The stock had previously closed at $4.03.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MPW. Wall Street Zen lowered Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Royal Bank Of Canada cut their price target 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. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.67.

Medical Properties Trust Stock Up 0.4%

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 company has a market capitalization of $2.59 billion, a PE ratio of -1.56 and a beta of 1.29. The firm has a 50-day moving average of $4.44 and a two-hundred day moving average of $4.91.

Medical Properties Trust (NYSE:MPW - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $223.80 million for the quarter, compared to analysts' expectations of $233.80 million. Medical Properties Trust had a negative return on equity of 31.14% and a negative net margin of 174.35%. The company's quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. Equities research analysts predict that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.32 annualized dividend and a yield of 7.41%. Medical Properties Trust's dividend payout ratio (DPR) is -11.55%.

Institutional Trading of Medical Properties Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in Medical Properties Trust by 98.1% during the 1st quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 3,060 shares in the last quarter. Norges Bank purchased a new position in shares of Medical Properties Trust during the fourth quarter worth about $41,000. GF Fund Management CO. LTD. acquired a new stake in shares of Medical Properties Trust during the fourth quarter worth about $41,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Medical Properties Trust during the first quarter worth about $41,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Medical Properties Trust by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,875 shares of the real estate investment trust's stock valued at $47,000 after purchasing 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.