Medical Properties Trust (NYSE:MPW) Stock Price Down 9%

Medical Properties Trust, Inc. (NYSE:MPW)’s stock price was down 9% during mid-day trading on Monday . The company traded as low as $4.31 and last traded at $4.43. Approximately 17,997,321 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 21,586,734 shares. The stock had previously closed at $4.87.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MPW shares. StockNews.com lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Colliers Securities lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $4.25 in a research note on Wednesday, April 10th. Royal Bank of Canada lowered their price target on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $2.00 to $5.00 in a research report on Wednesday, April 17th. Finally, BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.75.

Medical Properties Trust Price Performance

The company has a debt-to-equity ratio of 1.32, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a 50 day moving average price of $4.41 and a two-hundred day moving average price of $4.32. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -4.76, a PEG ratio of 0.55 and a beta of 1.19.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd were paid a $0.15 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.42%. Medical Properties Trust’s payout ratio is presently -63.83%.

Institutional Investors Weigh In On Medical Properties Trust

A number of institutional investors have recently modified their holdings of the company. Lasalle Investment Management Securities LLC grew its stake in Medical Properties Trust by 49.6% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 5,065,844 shares of the real estate investment trust’s stock worth $27,609,000 after purchasing an additional 1,680,200 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Medical Properties Trust by 93.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 204,807 shares of the real estate investment trust’s stock worth $1,117,000 after acquiring an additional 98,807 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Medical Properties Trust by 5.3% during 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 acquiring an additional 228,716 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Medical Properties Trust during the 4th quarter worth about $109,000. Finally, Caxton Associates LP acquired a new position in shares of Medical Properties Trust during the 3rd quarter worth about $2,628,000. 71.79% of the stock is owned by institutional investors and hedge funds.

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.