Medical Properties Trust (NYSE:MPW) Reaches New 52-Week High at $6.55

Medical Properties Trust, Inc. (NYSE:MPW) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.55 and last traded at $6.46, with a volume of 1332573 shares traded. The stock had previously closed at $6.35.

Analyst Ratings Changes

MPW has been the subject of several recent analyst reports. Truist Financial raised their target price on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday. Finally, BNP Paribas downgraded Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $6.00 to $4.00 in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Medical Properties Trust has a consensus rating of “Hold” and an average target price of $5.22.

Medical Properties Trust Stock Up 1.4 %

The firm has a 50 day simple moving average of $4.81 and a 200-day simple moving average of $4.70. The stock has a market cap of $3.86 billion, a P/E ratio of -2.87, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The firm had revenue of $266.60 million for the quarter, compared to the consensus estimate of $259.53 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s revenue was down 21.0% on a year-over-year basis. On average, equities research analysts forecast that Medical Properties Trust, Inc. will post 0.89 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.97%. Medical Properties Trust’s dividend payout ratio is presently -14.41%.

Insider Activity at Medical Properties Trust

In other news, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total value of $49,924.50. Following the completion of the sale, the director now directly owns 68,653 shares of the company’s stock, valued at $341,891.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the transaction, the director now directly owns 54,637 shares in the company, valued at $239,310.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth N. Pitman sold 10,025 shares of Medical Properties Trust stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total transaction of $49,924.50. Following the sale, the director now directly owns 68,653 shares of the company’s stock, valued at $341,891.94. The disclosure for this sale can be found here. 1.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Medical Properties Trust

Several hedge funds have recently made changes to their positions in MPW. Wolverine Asset Management LLC boosted its position in Medical Properties Trust by 0.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 405,145 shares of the real estate investment trust’s stock valued at $1,746,000 after acquiring an additional 2,246 shares in the last quarter. Keynote Financial Services LLC increased its holdings in shares of Medical Properties Trust by 4.8% during the second quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 2,715 shares in the last quarter. Arizona State Retirement System lifted its position in Medical Properties Trust by 1.9% during the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after purchasing an additional 3,103 shares during the period. Collective Family Office LLC increased its position in shares of Medical Properties Trust by 16.8% during the 1st quarter. Collective Family Office LLC now owns 21,720 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Medical Properties Trust by 23.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 19,591 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 3,735 shares in the last quarter. 71.79% of the stock is owned by hedge funds and other institutional investors.

Medical Properties Trust Company Profile

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.