Medical Properties Trust (NYSE:MPW) Stock Price Up 18.8%

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report)'s share price rose 18.8% during mid-day trading on Monday . The stock traded as high as $6.30 and last traded at $5.68. Approximately 37,792,957 shares were traded during trading, an increase of 75% from the average daily volume of 21,641,760 shares. The stock had previously closed at $4.78.

Wall Street Analysts Forecast Growth

MPW has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Medical Properties Trust from $8.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 20th. StockNews.com raised shares of Medical Properties Trust from a "sell" rating to a "hold" rating in a report on Friday. BNP Paribas upgraded Medical Properties Trust from a "neutral" rating to an "outperform" rating and set a $6.00 target price for the company in a research report on Friday, March 1st. Colliers Securities downgraded shares of 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. Finally, Truist Financial upped their price objective on Medical Properties Trust from $4.00 to $4.50 and gave the stock a "hold" rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $5.75.

Medical Properties Trust Stock Up 16.5 %

The firm has a market cap of $3.34 billion, a P/E ratio of -2.56, a P/E/G ratio of 0.54 and a beta of 1.19. The business has a fifty day moving average of $4.43 and a 200 day moving average of $4.32. The company has a quick ratio of 2.26, a current ratio of 3.10 and a debt-to-equity ratio of 1.48.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 22nd were given a $0.15 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.60 annualized dividend and a yield of 10.77%. Medical Properties Trust's dividend payout ratio is currently -27.03%.

Institutional Investors Weigh In On Medical Properties Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Advisory Inc. acquired a new stake in Medical Properties Trust during the third quarter worth approximately $65,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Medical Properties Trust by 7.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 997,975 shares of the real estate investment trust's stock valued at $5,439,000 after buying an additional 69,134 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Medical Properties Trust by 22.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,317,399 shares of the real estate investment trust's stock valued at $23,530,000 after purchasing an additional 791,318 shares during the period. GraniteShares Advisors LLC increased its position in shares of Medical Properties Trust by 10.7% during the third quarter. GraniteShares Advisors LLC now owns 143,601 shares of the real estate investment trust's stock worth $783,000 after buying an additional 13,917 shares during the period. Finally, Duality Advisers LP acquired a new stake in Medical Properties Trust during the 3rd quarter worth about $1,212,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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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