Medical Properties Trust (NYSE:MPW) Shares Gap Down to $5.31

Medical Properties Trust, Inc. (NYSE:MPW) shares gapped down prior to trading on Monday . The stock had previously closed at $5.31, but opened at $5.17. Medical Properties Trust shares last traded at $5.13, with a volume of 1,579,513 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MPW shares. BNP Paribas cut shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Colliers Securities cut shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $4.25 in a research note on Wednesday, April 10th. Truist Financial upped their price target on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating and increased their target price for the stock from $2.00 to $5.00 in a research note on Wednesday, April 17th. Finally, StockNews.com lowered shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.61.

Medical Properties Trust Stock Down 5.1 %

The firm has a market cap of $3.02 billion, a PE ratio of -2.27, a PEG ratio of 0.75 and a beta of 1.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.10 and a current ratio of 3.10. The company’s 50-day simple moving average is $4.84 and its two-hundred day simple moving average is $4.36.

Medical Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.60 annualized dividend and a yield of 11.90%. Medical Properties Trust’s payout ratio is currently -27.03%.

Institutional Investors Weigh In On Medical Properties Trust

Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its position in shares of 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 worth $1,850,000 after purchasing an additional 3,322 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Medical Properties Trust by 5.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,546,115 shares of the real estate investment trust’s stock worth $22,321,000 after purchasing an additional 228,716 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Medical Properties Trust by 5.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 378,885 shares of the real estate investment trust’s stock worth $1,857,000 after purchasing an additional 18,916 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of Medical Properties Trust in the 4th quarter worth about $109,000. Finally, Norges Bank purchased a new position in Medical Properties Trust during the 4th quarter valued at about $25,655,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

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.