Medical Properties Trust, Inc. (NYSE:MPW) Director Sells $49,924.50 in Stock

Medical Properties Trust, Inc. (NYSE:MPW) Director Elizabeth N. Pitman sold 10,025 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $4.98, for a total value of $49,924.50. Following the completion of the transaction, the director now directly owns 68,653 shares in the company, valued at approximately $341,891.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Medical Properties Trust Trading Up 5.4 %

Shares of Medical Properties Trust stock traded up $0.25 on Thursday, reaching $4.94. The company had a trading volume of 13,117,211 shares, compared to its average volume of 18,857,992. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -2.22, a P/E/G ratio of 0.65 and a beta of 1.27. 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 firm’s 50-day moving average price is $4.71 and its two-hundred day moving average price is $4.49. Medical Properties Trust, Inc. has a 1 year low of $2.92 and a 1 year high of $7.73.

Medical Properties Trust (NYSE:MPW) last announced its earnings results 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 firm had revenue of $266.60 million during the quarter, compared to analysts’ expectations of $259.53 million. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. As a group, research analysts predict that Medical Properties Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.16%. The ex-dividend date was Monday, June 10th. Medical Properties Trust’s dividend payout ratio (DPR) is -27.03%.

Analysts Set New Price Targets

Several research firms have recently commented on MPW. Deutsche Bank Aktiengesellschaft raised Medical Properties Trust from a “sell” rating to a “hold” rating and raised their price objective for the stock from $2.00 to $5.00 in a research note on Wednesday, April 17th. Truist Financial lifted their target price on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $5.00 target price on shares of Medical Properties Trust in a research note on Tuesday, May 14th. Finally, BNP Paribas downgraded Medical Properties Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.38.

Hedge Funds Weigh In On Medical Properties Trust

A number of institutional investors and hedge funds have recently modified their holdings of MPW. Wolverine Asset Management LLC boosted its holdings in 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 acquiring an additional 2,246 shares during the period. Keynote Financial Services LLC boosted its holdings in Medical Properties Trust by 4.8% during 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 acquiring an additional 2,715 shares during the period. Arizona State Retirement System raised its position in Medical Properties Trust by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 167,722 shares of the real estate investment trust’s stock valued at $723,000 after purchasing an additional 3,103 shares in the last quarter. Collective Family Office LLC raised its position in Medical Properties Trust by 16.8% during 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 purchasing an additional 3,120 shares in the last quarter. Finally, Amalgamated Bank raised its position in Medical Properties Trust by 0.9% during the 4th quarter. Amalgamated Bank now owns 376,806 shares of the real estate investment trust’s stock valued at $1,850,000 after purchasing an additional 3,322 shares in the last quarter. Hedge funds and other 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.