Medical Properties Trust (NYSE:MPW) Stock Price Down 6.7% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPW)’s share price traded down 6.7% during mid-day trading on Monday . The company traded as low as $4.55 and last traded at $4.58. 10,006,583 shares traded hands during trading, a decline of 41% from the average session volume of 16,930,430 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

Several research firms have recently commented on MPW. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Truist Financial increased their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Finally, Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price for the company in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.50.

Medical Properties Trust Price Performance

The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.93. The company’s 50-day simple moving average is $5.16 and its 200-day simple moving average is $4.92. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -1.04, a P/E/G ratio of 0.67 and a beta of 1.32.

Medical Properties Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 9th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Monday, September 9th. Medical Properties Trust’s dividend payout ratio is presently -7.58%.

Insiders Place Their Bets

In related news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the sale, the director now directly owns 54,637 shares in the company, valued at $239,310.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the sale, the director now directly owns 54,637 shares in the company, valued at approximately $239,310.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth N. Pitman purchased 8,087 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the transaction, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 63,335 shares of company stock valued at $318,825 over the last 90 days. 1.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On Medical Properties Trust

Institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in Medical Properties Trust in the 3rd quarter worth about $29,000. Truvestments Capital LLC purchased a new position in Medical Properties Trust during the 3rd quarter valued at about $31,000. Versant Capital Management Inc grew its stake in Medical Properties Trust by 435.0% during the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 6,482 shares in the last quarter. Iron Horse Wealth Management LLC grew its stake in Medical Properties Trust by 166.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 5,000 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 3,145 shares in the last quarter. 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.