Medical Properties Trust (NYSE:MPW) Trading Down 5.4% - What's Next?

Key Points

• Medical Properties Trust (NYSE:MPW) shares fell 5.4% to $4.86, marking a significant decline in trading volume of 71% from the average session.
• Analysts have downgraded the company's rating, with Royal Bank Of Canada and Wells Fargo both lowering their price objectives to $4.50, while the average consensus price target stands at $5.40.
• The company announced a quarterly dividend of $0.08 per share, resulting in an annualized yield of 6.6%, despite having a negative return on equity of 28.80%.

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report) shares traded down 5.4% on Monday . The stock traded as low as $4.89 and last traded at $4.86. 2,945,612 shares were traded during trading, a decline of 71% from the average session volume of 10,270,453 shares. The stock had previously closed at $5.13.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price objective 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. Zacks Research raised shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen cut shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.40.

Medical Properties Trust Trading Down 5.5%

The firm has a market capitalization of $2.92 billion, a P/E ratio of -2.03 and a beta of 1.35. The stock's 50-day simple moving average is $4.28 and its two-hundred day simple moving average is $4.85. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.76 and a quick ratio of 2.76.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $240.36 million during the quarter, compared to the consensus estimate of $231.90 million. Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%.The business's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. Equities research analysts expect that Medical Properties Trust, Inc. will post 0.78 EPS for the current year.

Medical Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.6%. Medical Properties Trust's dividend payout ratio is currently -13.39%.

Hedge Funds Weigh In On Medical Properties Trust

A number of hedge funds and other institutional investors have recently modified their holdings of MPW. Versant Capital Management Inc boosted its position in shares of Medical Properties Trust by 98.1% during the first 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 during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Medical Properties Trust during the fourth quarter worth $41,000. Itau Unibanco Holding S.A. bought a new position in shares of Medical Properties Trust during the first quarter worth $41,000. Brighton Jones LLC bought a new position in shares of Medical Properties Trust during the second quarter worth $44,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Medical Properties Trust during the second quarter valued at $44,000. Institutional investors own 71.79% of the company's stock.

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.

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