Medical Properties Trust (NYSE:MPW) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Medical Properties Trust (NYSE:MPW) from a sell rating to a hold rating in a research note released on Monday.

A number of other equities analysts have also recently weighed in on the company. Truist Financial reduced their price target on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Mizuho reduced their price objective on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.92.

Medical Properties Trust Stock Down 2.0 %

NYSE MPW opened at $5.78 on Monday. The stock has a 50 day moving average price of $4.44 and a 200-day moving average price of $4.66. Medical Properties Trust has a one year low of $3.51 and a one year high of $6.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market capitalization of $3.47 billion, a P/E ratio of -1.37, a P/E/G ratio of 1.01 and a beta of 1.32.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be paid a $0.08 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.54%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Medical Properties Trust

Several institutional investors and hedge funds have recently made changes to their positions in MPW. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Medical Properties Trust by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,342 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 6,037 shares during the period. abrdn plc grew its holdings in Medical Properties Trust by 2.2% in the 3rd quarter. abrdn plc now owns 531,609 shares of the real estate investment trust’s stock valued at $3,110,000 after buying an additional 11,504 shares during the period. Optas LLC purchased a new stake in Medical Properties Trust in the 3rd quarter valued at about $66,000. Van ECK Associates Corp grew its holdings in Medical Properties Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 251,959 shares of the real estate investment trust’s stock valued at $1,474,000 after buying an additional 27,597 shares during the period. Finally, KG&L Capital Management LLC grew its holdings in Medical Properties Trust by 5.3% in the 3rd quarter. KG&L Capital Management LLC now owns 50,875 shares of the real estate investment trust’s stock valued at $298,000 after buying an additional 2,550 shares during the period. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

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.