Medical Properties Trust (NYSE:MPT) Hits New 12-Month Low - What's Next?

Key Points

• Medical Properties Trust shares hit a new 52-week low of $3.05 and last traded at $3.13, below both the 50-day and 200-day moving averages.
• Analyst sentiment is bearish: the stock has a consensus “Sell” rating, with an average price target of $4.15 after Wells Fargo and RBC reduced their targets.
• The company reported quarterly revenue growth of 7.9% year over year and met EPS estimates, but its dividend yield is approximately 11.5% and its payout ratio is deeply negative at -600%, highlighting potential sustainability concerns.

Shares of Medical Properties Trust, Inc. (NYSE:MPT - Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as $3.05 and last traded at $3.13, with a volume of 13,056,233 shares trading hands. The stock had previously closed at $3.14.

Analyst Ratings Changes

MPT has been the subject of several research analyst reports. Weiss Ratings downgraded Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 18th. Wells Fargo & Company decreased their price objective on Medical Properties Trust from $5.00 to $3.80 and set an "underweight" rating for the company in a research report on Tuesday, September 1st. Finally, Royal Bank Of Canada lowered their target price on Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating on the stock in a research note on Thursday, June 18th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell" and an average price target of $4.15.

Medical Properties Trust Price Performance

The stock has a 50 day moving average price of $3.83 and a two-hundred day moving average price of $4.50. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market capitalization of $1.87 billion, a PE ratio of -52.17 and a beta of 1.45.

Medical Properties Trust (NYSE:MPT - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%. The business had revenue of $259.28 million during the quarter. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts forecast that Medical Properties Trust, Inc. will post 0.53 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 11.5%. Medical Properties Trust's dividend payout ratio is -600.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MPT. BlackRock Inc. acquired a new position in Medical Properties Trust during the 2nd quarter worth $347,673,000. State Street Corp bought a new position in shares of Medical Properties Trust in the second quarter worth about $118,522,000. Allianz Asset Management GmbH bought a new position in shares of Medical Properties Trust in the second quarter worth about $33,903,000. Advisors Capital Management LLC bought a new position in shares of Medical Properties Trust in the second quarter worth about $30,483,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Medical Properties Trust during the 2nd quarter worth about $28,285,000. Institutional investors own 71.79% of the company's stock.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc NYSE: MPT is a real estate investment trust focused on owning and investing in healthcare facilities. The company primarily acquires and leases hospitals and other healthcare properties to healthcare operators under long-term agreements, providing real estate capital that can support facility expansion, modernization and operations.

Its portfolio has historically included general acute-care hospitals, inpatient rehabilitation facilities, behavioral health facilities and other specialized healthcare properties.

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