Medical Properties Trust (NYSE:MPW - Free Report) had its target price reduced by Royal Bank Of Canada from $5.00 to $4.50 in a research note published on Monday morning,Benzinga reports. They currently have a sector perform rating on the real estate investment trust's stock.
A number of other analysts have also issued reports on the company. Wells Fargo & Company boosted their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a report on Monday, March 10th. Wall Street Zen upgraded Medical Properties Trust from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, BNP Paribas upgraded shares of Medical Properties Trust from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $5.00 to $9.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Medical Properties Trust has an average rating of "Hold" and a consensus target price of $5.67.
Read Our Latest Analysis on Medical Properties Trust
Medical Properties Trust Price Performance
MPW traded down $0.08 during trading on Monday, hitting $4.38. 5,085,012 shares of the company traded hands, compared to its average volume of 11,624,358. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.99. The company has a market cap of $2.63 billion, a PE ratio of -1.58 and a beta of 1.29. The stock's 50-day simple moving average is $4.74 and its two-hundred day simple moving average is $4.87. Medical Properties Trust has a 1 year low of $3.51 and a 1 year high of $6.55.
Medical Properties Trust (NYSE:MPW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Medical Properties Trust had a negative return on equity of 31.14% and a negative net margin of 174.35%. The business had revenue of $223.80 million during the quarter, compared to the consensus estimate of $233.80 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The company's revenue for the quarter was down 17.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Medical Properties Trust will post 0.78 earnings per share for the current fiscal year.
Medical Properties Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be given a $0.08 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.32 annualized dividend and a yield of 7.31%. Medical Properties Trust's payout ratio is -11.55%.
Institutional Investors Weigh In On Medical Properties Trust
Several large investors have recently bought and sold shares of MPW. Sage Capital Advisors llc raised its stake in Medical Properties Trust by 57.7% during the 2nd quarter. Sage Capital Advisors llc now owns 30,467 shares of the real estate investment trust's stock valued at $131,000 after acquiring an additional 11,143 shares during the last quarter. Voya Investment Management LLC grew its holdings in Medical Properties Trust by 11.8% during the 1st quarter. Voya Investment Management LLC now owns 591,130 shares of the real estate investment trust's stock valued at $3,565,000 after buying an additional 62,265 shares during the last quarter. Strs Ohio purchased a new stake in Medical Properties Trust during the first quarter worth approximately $963,000. Focus Partners Wealth boosted its position in Medical Properties Trust by 11.7% during the 1st quarter. Focus Partners Wealth now owns 32,690 shares of the real estate investment trust's stock worth $197,000 after purchasing an additional 3,415 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in Medical Properties Trust in the 1st quarter valued at $417,000. Hedge funds and other institutional investors own 71.79% of the company's stock.
About Medical Properties Trust
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Get Free Report)
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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