Medical Properties Trust (NYSE:MPW) Trading Down 4.7% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPW) shares traded down 4.7% on Tuesday . The stock traded as low as $4.24 and last traded at $4.27. 2,908,583 shares were traded during mid-day trading, a decline of 83% from the average session volume of 16,626,180 shares. The stock had previously closed at $4.48.

Analyst Ratings Changes

Several equities research analysts have weighed in 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 for the company in a research note on Friday, September 13th. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Finally, Truist Financial raised their target price on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.50.

Medical Properties Trust Stock Up 1.5 %

The company’s 50 day moving average price is $4.95 and its 200 day moving average price is $4.90. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -1.02, a P/E/G ratio of 0.69 and a beta of 1.32.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 7.40%. Medical Properties Trust’s payout ratio is currently -7.58%.

Insider Transactions at Medical Properties Trust

In related news, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total transaction of $178,978.80. Following the completion of the transaction, the director now directly owns 221,245 shares in the company, valued at $1,207,997.70. The trade was a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the transaction, the director now directly owns 76,740 shares of the company’s stock, valued at $461,207.40. This trade represents a 11.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.53% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC lifted its position in Medical Properties Trust by 27.8% during the third quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock valued at $3,030,000 after purchasing an additional 112,721 shares during the period. Thrivent Financial for Lutherans increased its holdings in Medical Properties Trust by 22.1% in the second quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock valued at $3,418,000 after buying an additional 143,309 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Medical Properties Trust by 378.4% in the third quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after buying an additional 700,783 shares in the last quarter. Algert Global LLC increased its holdings in Medical Properties Trust by 91.5% in the second quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock valued at $793,000 after buying an additional 87,881 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Medical Properties Trust by 16.4% in the third quarter. Advisors Asset Management Inc. now owns 1,367,257 shares of the real estate investment trust’s stock valued at $7,998,000 after buying an additional 192,955 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.