Medical Properties Trust (NYSE:MPT) Trading Down 5.8% - What's Next?

Key Points

• Medical Properties Trust shares fell 5.8% to $3.39 on unusually high volume, with 8.9 million shares traded versus an average of 6.7 million.
• Analyst sentiment remains negative: the stock has an average rating of “Sell”, with a consensus price target of $4.15 after RBC and Wells Fargo lowered their targets.
• The company reported quarterly EPS in line with estimates at $0.15 and revenue of $259.3 million, while maintaining a $0.09 quarterly dividend, equivalent to a 10.6% yield despite a highly negative payout ratio.

Shares of Medical Properties Trust, Inc. (NYSE:MPT - Get Free Report) dropped 5.8% on Friday . The stock traded as low as $3.38 and last traded at $3.39. 8,922,311 shares were traded during trading, an increase of 33% from the average session volume of 6,710,199 shares. The stock had previously closed at $3.60.

Wall Street Analysts Forecast Growth

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

Medical Properties Trust Stock Down 5.8%

The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16. The firm has a 50-day moving average of $4.28. The stock has a market capitalization of $2.02 billion, a P/E ratio of -56.50 and a beta of 1.40.

Medical Properties Trust (NYSE:MPT - Get Free Report) last posted 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. The business had revenue of $259.28 million during the quarter. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. Medical Properties Trust's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Medical Properties Trust, Inc. will post 0.56 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Thursday, September 10th. Medical Properties Trust's dividend payout ratio (DPR) is currently -600.00%.

Institutional Investors Weigh In On Medical Properties Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC bought a new position in shares of Medical Properties Trust during the 2nd quarter worth approximately $31,000. Nykredit A S bought a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $41,000. OneAscent Family Office LLC purchased a new stake in shares of Medical Properties Trust during the 2nd quarter valued at approximately $49,000. Tidal Investments LLC bought a new position in Medical Properties Trust in the 2nd quarter worth approximately $49,000. Finally, Greenspring Advisors LLC purchased a new position in Medical Properties Trust in the 2nd quarter valued at approximately $54,000. Institutional investors and hedge funds 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 healthcare facilities. The company acquires, develops, owns and leases properties used by healthcare providers, with an emphasis on hospitals and other facilities that deliver essential medical services.

Medical Properties Trust has historically invested primarily in acute-care hospitals, behavioral health facilities, inpatient rehabilitation hospitals and other specialized healthcare properties. Its real estate is generally leased to hospital and healthcare operators under long-term arrangements, while its investments have also included mortgage loans and other healthcare-related financing.

Founded in 2003 and headquartered in Birmingham, Alabama, Medical Properties Trust has built a portfolio spanning the United States and selected international markets, including the United Kingdom and other parts of Europe.

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