Medical Properties Trust, Inc. (NYSE:MPW) Director Elizabeth N. Pitman Buys 8,087 Shares

Medical Properties Trust, Inc. (NYSE:MPW) Director Elizabeth N. Pitman purchased 8,087 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Medical Properties Trust Stock Down 0.2 %

MPW stock opened at $5.76 on Friday. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.46 billion, a PE ratio of -2.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28. The business’s 50-day simple moving average is $4.93 and its 200 day simple moving average is $4.74.

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

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -14.41%.

Hedge Funds Weigh In On Medical Properties Trust

A number of hedge funds have recently made changes to their positions in MPW. Norges Bank acquired a new position in shares of Medical Properties Trust in the 4th quarter worth approximately $25,655,000. HighPoint Advisor Group LLC bought a new position in shares of Medical Properties Trust during the fourth quarter valued at $62,000. Waterloo Capital L.P. acquired a new stake in shares of Medical Properties Trust in the 4th quarter valued at $86,000. State of Alaska Department of Revenue grew its holdings in shares of Medical Properties Trust by 87.3% in the 1st quarter. State of Alaska Department of Revenue now owns 648,000 shares of the real estate investment trust’s stock worth $3,045,000 after purchasing an additional 302,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Medical Properties Trust by 8.2% during the 1st quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock worth $437,373,000 after purchasing an additional 7,084,981 shares in the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. BNP Paribas lowered 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 research note on Tuesday, July 2nd. Finally, Truist Financial increased their target price on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Three 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.22.

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.