Medical Properties Trust (NYSE:MPW) Trading 4.4% Higher - Here's What Happened

Key Points

• Medical Properties Trust's shares rose 4.4% during recent trading, reaching a high of $4.79 before closing at $4.82.
• Analysts have mixed views on the stock, with two rating it as a Buy, five as Hold, and one as Sell; the average price target is $5.58.
• The company announced a quarterly dividend of $0.08 per share, reflecting an annualized yield of 6.6%, despite a negative payout ratio of -13.39%.

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report) shares traded up 4.4% during mid-day trading on Friday . The company traded as high as $4.79 and last traded at $4.82. 2,667,527 shares traded hands during trading, a decline of 74% from the average session volume of 10,205,861 shares. The stock had previously closed at $4.61.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Medical Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Wells Fargo & Company cut 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. Royal Bank Of Canada cut 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. 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. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.40.

Medical Properties Trust Stock Performance

The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. The business's fifty day moving average is $4.31 and its two-hundred day moving average is $4.84. The stock has a market capitalization of $3.03 billion, a PE ratio of -2.12 and a beta of 1.35.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. 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 $240.36 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. As a group, research analysts anticipate that Medical Properties Trust, Inc. will post 0.78 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust's payout ratio is presently -13.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Medical Properties Trust by 13.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust's stock valued at $60,424,000 after purchasing an additional 1,182,028 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Medical Properties Trust by 43.2% during the first quarter. Allianz Asset Management GmbH now owns 7,134,629 shares of the real estate investment trust's stock valued at $43,022,000 after purchasing an additional 2,152,861 shares during the period. Northern Trust Corp boosted its stake in shares of Medical Properties Trust by 1.5% during the first quarter. Northern Trust Corp now owns 6,404,674 shares of the real estate investment trust's stock valued at $38,620,000 after purchasing an additional 95,525 shares during the period. Wilsey Asset Management Inc. boosted its stake in shares of Medical Properties Trust by 6.1% during the second quarter. Wilsey Asset Management Inc. now owns 4,927,568 shares of the real estate investment trust's stock valued at $21,238,000 after purchasing an additional 281,591 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Medical Properties Trust by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,848 shares of the real estate investment trust's stock valued at $24,644,000 after purchasing an additional 410,374 shares during the period. 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.