Medical Properties Trust, Inc. (NYSE:MPW) Receives $5.64 Average Target Price from Brokerages

Shares of Medical Properties Trust, Inc. (NYSE:MPW) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.64.

A number of equities research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company upped their target price on Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a research report on Monday, March 10th. Mizuho lowered their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. StockNews.com upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Royal Bank of Canada boosted their target price on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research report on Monday, March 10th.

Medical Properties Trust Price Performance

NYSE MPW opened at $6.18 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -1.46, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The company has a 50 day simple moving average of $5.08 and a 200-day simple moving average of $4.80. Medical Properties Trust has a 52-week low of $3.51 and a 52-week high of $6.55.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 10th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust’s payout ratio is -8.42%.

Insider Activity at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following the completion of the transaction, the chief accounting officer now directly owns 366,913 shares in the company, valued at $1,364,916.36. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Medical Properties Trust

Several hedge funds and other institutional investors have recently modified their holdings of MPW. Quadrature Capital Ltd bought a new stake in Medical Properties Trust in the 3rd quarter valued at $927,000. JPMorgan Chase & Co. raised its position in shares of Medical Properties Trust by 21.7% during the third quarter. JPMorgan Chase & Co. now owns 1,704,785 shares of the real estate investment trust’s stock valued at $9,973,000 after buying an additional 303,628 shares during the last quarter. Versor Investments LP lifted its stake in shares of Medical Properties Trust by 192.3% in the fourth quarter. Versor Investments LP now owns 285,000 shares of the real estate investment trust’s stock valued at $1,126,000 after buying an additional 187,500 shares during the period. Charles Schwab Investment Management Inc. grew its position in Medical Properties Trust by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust’s stock worth $34,912,000 after buying an additional 118,577 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in Medical Properties Trust by 506.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 63,207 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 52,790 shares during the period. Institutional investors and hedge funds 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.