Medical Properties Trust (NYSE:MPW) Trading Up 4.4% - Here's Why

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%.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research raised Medical Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Royal Bank Of Canada lowered 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 research report on Monday, June 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set an "underweight" rating on the stock in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Medical Properties Trust currently has a consensus rating of "Hold" and an average target price of $5.58.

Medical Properties Trust Stock Performance

The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 2.00. The company's 50-day moving average price is $4.26 and its two-hundred day moving average price is $4.85. The company has a market cap of $2.90 billion, a P/E ratio of -2.02 and a beta of 1.35.

Medical Properties Trust (NYSE:MPW - Get Free Report) last announced its quarterly earnings results 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). Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The company had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. During the same quarter last year, the business earned $0.23 EPS. The company's revenue for the quarter was down 9.8% on a year-over-year basis. As a group, equities analysts forecast that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust's dividend payout ratio (DPR) is presently -13.39%.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Medical Properties Trust by 98.1% in the first quarter. Versant Capital Management Inc now owns 6,180 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 3,060 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Medical Properties Trust during the 1st quarter worth about $41,000. Farther Finance Advisors LLC increased its stake in 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 worth $47,000 after acquiring an additional 2,606 shares during the last quarter. Twin Tree Management LP bought a new position in Medical Properties Trust in the 1st quarter worth about $48,000. Finally, Brooklyn Investment Group increased its stake in Medical Properties Trust by 216.8% in the 1st quarter. Brooklyn Investment Group now owns 8,135 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 5,567 shares during the last quarter. Institutional investors and hedge funds 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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