Medical Properties Trust, Inc. (NYSE:MPW) Given Consensus Recommendation of “Hold” by Brokerages

Medical Properties Trust, Inc. (NYSE:MPW) has earned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.38.

MPW has been the subject of a number of recent analyst reports. BNP Paribas cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. 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. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Truist Financial upped their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 13th.

Medical Properties Trust Stock Performance

MPW opened at $4.66 on Tuesday. The company has a fifty day moving average price of $5.15 and a two-hundred day moving average price of $4.92. Medical Properties Trust has a 52 week low of $2.92 and a 52 week 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.

Medical Properties Trust (NYSE:MPW) last announced 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 company had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. On average, sell-side analysts forecast that Medical Properties Trust will post 0.85 EPS for the current year.

Medical Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -11.90%.

Insider Activity

In related news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total value of $89,921.40. Following the sale, the director now owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael G. Stewart sold 32,780 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the transaction, the director now owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now owns 54,637 shares in the company, valued at $239,310.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,335 shares of company stock worth $318,825 over the last three months. Corporate insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Medical Properties Trust

Several hedge funds have recently modified their holdings of MPW. Thrivent Financial for Lutherans boosted its position in Medical Properties Trust by 22.1% during 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 purchasing an additional 143,309 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Medical Properties Trust in the 4th quarter valued at approximately $62,000. State of Alaska Department of Revenue grew its stake in shares of Medical Properties Trust by 87.3% in the first quarter. State of Alaska Department of Revenue now owns 648,000 shares of the real estate investment trust’s stock valued at $3,045,000 after buying an additional 302,000 shares in the last quarter. Algert Global LLC increased its holdings in Medical Properties Trust by 91.5% during the second quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock worth $793,000 after buying an additional 87,881 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in 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 worth $437,373,000 after acquiring an additional 7,084,981 shares in the last quarter. Institutional investors own 71.79% of the company’s stock.

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.