Medical Properties Trust (NYSE:MPW) Stock Price Down 2.9%

Medical Properties Trust, Inc. (NYSE:MPW – Get Free Report)’s share price fell 2.9% during mid-day trading on Friday . The stock traded as low as $4.69 and last traded at $4.70. 4,490,611 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 22,638,436 shares. The stock had previously closed at $4.84.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MPW. Mizuho dropped their price objective on shares of Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, January 3rd. Truist Financial increased their price objective on shares of Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a research report on Monday, April 8th. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price objective for the company in a research report on Friday, March 1st. StockNews.com lowered shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating and raised their price target for the company from $2.00 to $5.00 in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.75.

Get Our Latest Analysis on MPW

Medical Properties Trust Stock Performance

The stock’s 50-day moving average price is $4.20 and its 200-day moving average price is $4.36. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.65 billion, a P/E ratio of -4.70, a P/E/G ratio of 1.51 and a beta of 1.20.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.57%. Medical Properties Trust’s payout ratio is currently -63.83%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Maryland State Retirement & Pension System lifted its position in Medical Properties Trust by 476.1% in the 1st quarter. Maryland State Retirement & Pension System now owns 261,179 shares of the real estate investment trust’s stock valued at $1,230,000 after purchasing an additional 215,843 shares during the last quarter. Accel Wealth Management lifted its position in Medical Properties Trust by 74.6% in the 1st quarter. Accel Wealth Management now owns 37,739 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 16,124 shares during the last quarter. First Trust Direct Indexing LP bought a new stake in Medical Properties Trust in the 1st quarter valued at about $271,000. Norden Group LLC bought a new stake in Medical Properties Trust in the 1st quarter valued at about $73,000. Finally, Lake Street Private Wealth LLC lifted its position in Medical Properties Trust by 14.8% in the 1st quarter. Lake Street Private Wealth LLC now owns 424,250 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 54,650 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors.

About Medical Properties Trust

(Get Free Report)

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.

See Also

Receive News & Ratings for Medical Properties Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Medical Properties Trust and related companies with MarketBeat.com’s FREE daily email newsletter.