Medical Properties Trust, Inc. (NYSE:MPW) Receives $4.86 Consensus Target Price from Analysts

Shares of Medical Properties Trust, Inc. (NYSE:MPW) have been given a consensus recommendation of “Reduce” by the ten brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.86.

Several research analysts have recently issued reports on the company. BNP Paribas lowered Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $6.00 to $4.00 in a research report on Tuesday, July 2nd. StockNews.com lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.00 price target on shares of Medical Properties Trust in a research report on Tuesday, May 14th. Finally, Truist Financial boosted their price objective on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a report on Thursday, May 30th.

Medical Properties Trust Stock Performance

Shares of NYSE:MPW opened at $4.80 on Monday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51. Medical Properties Trust has a 1-year low of $2.92 and a 1-year high of $7.29. The stock has a market capitalization of $2.88 billion, a P/E ratio of -2.16, a P/E/G ratio of 0.62 and a beta of 1.27. The business has a 50-day moving average price of $4.62 and a two-hundred day moving average price of $4.62.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The company had revenue of $266.60 million for the quarter, compared to analyst estimates of $259.53 million. During the same period last year, the business posted $0.48 earnings per share. Medical Properties Trust’s revenue was down 21.0% compared to the same quarter last year. Equities analysts predict that Medical Properties Trust will post 0.9 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 9th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend is Monday, September 9th. Medical Properties Trust’s dividend payout ratio is -14.41%.

Insider Activity at Medical Properties Trust

In other news, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the transaction, the director now directly owns 54,637 shares of the company’s stock, valued at $239,310.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the transaction, the director now owns 68,653 shares in the company, valued at $341,891.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Medical Properties Trust

A number of large investors have recently modified their holdings of MPW. Wolverine Asset Management LLC boosted its position in Medical Properties Trust by 0.6% during the second 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 during the last quarter. Keynote Financial Services LLC boosted its holdings in shares of Medical Properties Trust by 4.8% in the 2nd quarter. Keynote Financial Services LLC now owns 59,188 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 2,715 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Medical Properties Trust by 1.9% in the second quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after buying an additional 3,103 shares in the last quarter. Collective Family Office LLC increased its holdings in Medical Properties Trust by 16.8% during the first quarter. Collective Family Office LLC now owns 21,720 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 3,120 shares during the last quarter. Finally, Amalgamated Bank raised its position in Medical Properties Trust by 0.9% during the fourth quarter. Amalgamated Bank now owns 376,806 shares of the real estate investment trust’s stock worth $1,850,000 after acquiring an additional 3,322 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.