Mizuho Cuts Medical Properties Trust (NYSE:MPW) Price Target to $5.00

Medical Properties Trust (NYSE:MPW) had its target price decreased by Mizuho from $6.00 to $5.00 in a report released on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on MPW. Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Truist Financial boosted their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Finally, Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.25.

Medical Properties Trust Price Performance

MPW opened at $4.14 on Thursday. Medical Properties Trust has a 52 week low of $2.92 and a 52 week high of $6.55. The firm has a market cap of $2.49 billion, a P/E ratio of -0.98, a PEG ratio of 0.65 and a beta of 1.29. The business’s fifty day simple moving average is $4.69 and its 200 day simple moving average is $4.84. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 annualized dividend and a yield of 7.73%. Medical Properties Trust’s dividend payout ratio (DPR) is currently -7.58%.

Insider Transactions at Medical Properties Trust

In other news, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the completion of the transaction, the director now owns 221,245 shares in the company, valued at approximately $1,207,997.70. The trade was a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Elizabeth N. Pitman acquired 8,087 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the transaction, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. The trade was a 11.78 % increase in their position. The disclosure for this purchase can be found here. 1.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Medical Properties Trust

Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in Medical Properties Trust by 269.9% in the first quarter. Cetera Investment Advisers now owns 347,247 shares of the real estate investment trust’s stock valued at $1,632,000 after acquiring an additional 253,365 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Medical Properties Trust by 11.7% in the first quarter. Cetera Advisors LLC now owns 124,863 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 13,107 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in Medical Properties Trust by 70.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 17,597 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 7,281 shares during the last quarter. Csenge Advisory Group grew its holdings in Medical Properties Trust by 100.5% during the 2nd quarter. Csenge Advisory Group now owns 126,915 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 63,619 shares during the period. Finally, Gateway Investment Advisers LLC acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at $45,000. 71.79% of the stock is owned by institutional investors.

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.