Medical Properties Trust Price Target Cut to $12.50 (MPW)
Research analysts at Jefferies Group reduced their price objective on shares of Medical Properties Trust (NYSE:MPW) from $15.00 to $12.50 in a report released on Wednesday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target points to a potential downside of 2.04% from the stock’s previous close.
Shares of Medical Properties Trust (NYSE:MPW) traded up 4.50% on Wednesday, hitting $12.76. 1,681,035 shares of the company’s stock traded hands. Medical Properties Trust has a one year low of $10.35 and a one year high of $17.73. The stock’s 50-day moving average is $12.74 and its 200-day moving average is $14.79. The company has a market cap of $1.908 billion and a price-to-earnings ratio of 15.42.
Medical Properties Trust (NYSE:MPW) last released its earnings data on Thursday, August 8th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $60.31 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Medical Properties Trust will post $1.01 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Medical Properties Trust (NYSE:MPW) in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of Medical Properties Trust (NYSE:MPW) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. They now have a $12.90 price target on the stock. Finally, analysts at RBC Capital downgraded shares of Medical Properties Trust (NYSE:MPW) from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday, August 9th. They now have a $14.00 price target on the stock, down previously from $17.00.
Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Medical Properties Trust currently has a consensus rating of “Hold” and an average target price of $13.68.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend is Tuesday, September 10th.
Medical Properties Trust, Inc is a self-advised real estate investment trust (NYSE:MPW) focused on investing in and owning net-leased healthcare facilities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.