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 hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis. MPT's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on MPW. Credit Suisse Group downgraded Medical Properties Trust from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $17.00 in a research report on Thursday, July 14th. Barclays decreased their target price on Medical Properties Trust from $27.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th. JPMorgan Chase & Co. downgraded Medical Properties Trust from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $24.00 to $18.00 in a research report on Wednesday, June 22nd. KeyCorp reduced their price objective on Medical Properties Trust from $23.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, July 7th. Finally, Truist Financial reduced their price objective on Medical Properties Trust from $23.00 to $18.00 in a research report on Monday, July 11th. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.30.
Medical Properties Trust Trading Up 2.5 %
Shares of NYSE:MPW traded up $0.40 during trading on Friday, reaching $16.72. The stock had a trading volume of 4,250,609 shares, compared to its average volume of 6,495,680. Medical Properties Trust has a fifty-two week low of $14.10 and a fifty-two week high of $24.13. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 1.87. The business's 50-day moving average price is $15.90 and its 200-day moving average price is $18.56. The company has a market cap of $10.02 billion, a P/E ratio of 8.36, a PEG ratio of 0.90 and a beta of 0.75.
Medical Properties Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, June 15th. This represents a $1.16 annualized dividend and a dividend yield of 6.94%. Medical Properties Trust's dividend payout ratio is currently 58.00%.