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

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on MPW. Royal Bank Of Canada decreased their target price 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. Wall Street Zen cut 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 sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Medical Properties Trust currently has an average rating of "Hold" and a consensus price target of $5.67.

Medical Properties Trust Stock Up 9.3%

The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.99. The stock has a market cap of $2.65 billion, a P/E ratio of -1.59 and a beta of 1.29. The firm has a 50-day simple moving average of $4.50 and a two-hundred day simple moving average of $4.91.

Medical Properties Trust (NYSE:MPW - Get Free Report) last issued its 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 business had revenue of $223.80 million for the quarter, compared to analyst estimates 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 firm's revenue was down 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. Equities research analysts expect that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, June 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date was Wednesday, June 18th. Medical Properties Trust's dividend payout ratio is currently -11.55%.

Institutional Investors Weigh In On Medical Properties Trust

Several hedge funds and other institutional investors have recently modified their holdings of MPW. Novem Group grew its position in shares of Medical Properties Trust by 8.1% in the 1st 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 boosted its position in shares of 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 valued at $122,000 after purchasing an additional 2,386 shares in the last quarter. Sei Investments Co. boosted its position in shares of 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 valued at $155,000 after purchasing an additional 2,438 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of 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 valued at $233,000 after purchasing an additional 2,575 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of 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 valued at $47,000 after purchasing an additional 2,606 shares in the last quarter. Institutional investors own 71.79% of the company's stock.

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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