Medical Properties Trust (NYSE:MPW) Stock Price Up 15.8% Following Dividend Announcement

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report)'s stock price was up 15.8% during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $5.31 and last traded at $4.62. Approximately 33,734,302 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 22,914,754 shares. The stock had previously closed at $3.99.

The newly announced dividend which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.66%. Medical Properties Trust's payout ratio is currently -63.83%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on Medical Properties Trust from $8.00 to $5.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 20th. BNP Paribas raised Medical Properties Trust from a "neutral" rating to an "outperform" rating and set a $6.00 price objective on the stock in a research report on Friday, March 1st. StockNews.com cut Medical Properties Trust from a "hold" rating to a "sell" rating in a research report on Thursday, February 22nd. Truist Financial lifted their price objective on Medical Properties Trust from $4.00 to $4.50 and gave the company a "hold" rating in a research report on Monday, April 8th. Finally, Colliers Securities cut Medical Properties Trust from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $10.00 to $4.25 in a research report on Wednesday, April 10th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.48.

Medical Properties Trust Trading Up 18.8 %

The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $4.08 and a 200-day simple moving average of $4.37. The firm has a market cap of $2.84 billion, a P/E ratio of -5.04, a P/E/G ratio of 1.18 and a beta of 1.20.

Institutional Trading of Medical Properties Trust

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in Medical Properties Trust by 1.4% in the 1st quarter. Cetera Investment Advisers now owns 84,116 shares of the real estate investment trust's stock worth $1,778,000 after acquiring an additional 1,164 shares during the last quarter. Guardian Wealth Management Inc. increased its stake in Medical Properties Trust by 2.3% in the 1st quarter. Guardian Wealth Management Inc. now owns 57,304 shares of the real estate investment trust's stock worth $1,211,000 after acquiring an additional 1,269 shares during the last quarter. CreativeOne Wealth LLC increased its stake in Medical Properties Trust by 9.2% in the 2nd quarter. CreativeOne Wealth LLC now owns 18,184 shares of the real estate investment trust's stock worth $168,000 after acquiring an additional 1,534 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Medical Properties Trust by 43.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,402 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 1,649 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Medical Properties Trust by 1.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 130,923 shares of the real estate investment trust's stock valued at $1,458,000 after purchasing an additional 1,684 shares during 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.