Medical Properties Trust (NYSE:MPW) Shares Gap Down to $4.59

Medical Properties Trust, Inc. (NYSE:MPW)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.59, but opened at $4.35. Medical Properties Trust shares last traded at $4.43, with a volume of 6,553,569 shares traded.

Wall Street Analyst Weigh In

MPW has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $5.00 target price on shares of Medical Properties Trust in a research note on Tuesday, May 14th. Truist Financial upped their target price on Medical Properties Trust from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. BNP Paribas cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and increased their price objective for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.61.

Medical Properties Trust Trading Up 2.4 %

The company has a market cap of $2.82 billion, a P/E ratio of -1.93, a PEG ratio of 0.65 and a beta of 1.27. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $4.79 and its 200-day moving average is $4.44.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Monday, June 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 12.77%. The ex-dividend date was Monday, June 10th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -27.03%.

Institutional Trading of Medical Properties Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Medical Properties Trust by 8.2% during the first quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after buying an additional 7,084,981 shares during the last quarter. Norges Bank purchased a new stake in shares of Medical Properties Trust during the 4th quarter valued at about $25,655,000. Goldentree Asset Management LP bought a new stake in shares of Medical Properties Trust in the first quarter worth approximately $15,966,000. BNP Paribas Financial Markets lifted its position in Medical Properties Trust by 517.0% during the fourth quarter. BNP Paribas Financial Markets now owns 2,150,378 shares of the real estate investment trust’s stock valued at $10,558,000 after purchasing an additional 1,801,858 shares during the period. Finally, Wilsey Asset Management Inc. lifted its position in Medical Properties Trust by 90.9% during the first quarter. Wilsey Asset Management Inc. now owns 3,439,549 shares of the real estate investment trust’s stock valued at $16,166,000 after purchasing an additional 1,637,720 shares during the period. Institutional investors own 71.79% of the company’s stock.

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.