Medical Properties Trust (NYSE:MPW) Stock Price Down 1.2%

Shares of Medical Properties Trust, Inc. (NYSE:MPW) dropped 1.2% on Thursday . The stock traded as low as $4.73 and last traded at $4.75. Approximately 2,511,415 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 19,062,650 shares. The stock had previously closed at $4.81.

Analyst Ratings Changes

Several research firms have issued reports on MPW. Colliers Securities cut Medical Properties Trust from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $4.25 in a research report on Wednesday, April 10th. StockNews.com downgraded shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $5.00 price target on shares of Medical Properties Trust in a research report on Tuesday, May 14th. Truist Financial boosted their price target on Medical Properties Trust from $4.50 to $5.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and raised their price objective for the company from $2.00 to $5.00 in a research note on Wednesday, April 17th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.61.

Medical Properties Trust Stock Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 3.10 and a quick ratio of 3.10. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -2.13, a price-to-earnings-growth ratio of 0.65 and a beta of 1.27. The stock has a 50-day moving average of $4.81 and a 200 day moving average of $4.40.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 12.74%. The ex-dividend date of this dividend was Monday, June 10th. Medical Properties Trust’s dividend payout ratio is presently -27.03%.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 2,246 shares in the last quarter. Keynote Financial Services LLC raised 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 worth $255,000 after acquiring an additional 2,715 shares during the period. Collective Family Office LLC lifted its position in Medical Properties Trust by 16.8% in 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 acquiring an additional 3,120 shares in the last quarter. Amalgamated Bank lifted its position in Medical Properties Trust by 0.9% in the 4th quarter. Amalgamated Bank now owns 376,806 shares of the real estate investment trust’s stock valued at $1,850,000 after acquiring an additional 3,322 shares in the last quarter. Finally, Panagora Asset Management Inc. raised 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 valued at $84,000 after purchasing an additional 3,735 shares during the period. 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.