Medical Properties Trust (NYSE:MPW) Price Target Raised to $5.00 at Royal Bank of Canada

Medical Properties Trust (NYSE:MPW) had its price target hoisted by Royal Bank of Canada from $4.00 to $5.00 in a research report released on Monday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Mizuho reduced their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Wells Fargo & Company upped their price target on Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a research report on Monday. StockNews.com raised Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Truist Financial reduced their target price on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Medical Properties Trust presently has an average rating of “Hold” and an average price target of $4.93.

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock opened at $5.89 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The stock’s fifty day moving average price is $4.64 and its 200-day moving average price is $4.70. The firm has a market cap of $3.53 billion, a P/E ratio of -1.39, a P/E/G ratio of 1.01 and a beta of 1.32. Medical Properties Trust has a 12 month low of $3.51 and a 12 month high of $6.55.

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 10th. This represents a $0.32 annualized dividend and a yield of 5.44%. Medical Properties Trust’s payout ratio is presently -8.42%.

Insider Transactions at Medical Properties Trust

In related news, CAO James Kevin Hanna sold 11,641 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the transaction, the chief accounting officer now owns 366,913 shares in the company, valued at approximately $1,364,916.36. This represents a 3.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.53% of the company’s stock.

Institutional Trading of Medical Properties Trust

Several large investors have recently made changes to their positions in MPW. Silver Point Capital L.P. boosted its holdings in Medical Properties Trust by 155.3% in the third quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust’s stock valued at $35,100,000 after purchasing an additional 3,650,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Medical Properties Trust by 353.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,525,714 shares of the real estate investment trust’s stock worth $20,625,000 after buying an additional 2,748,245 shares during the last quarter. Northern Trust Corp grew its holdings in Medical Properties Trust by 60.8% during the fourth quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust’s stock worth $24,921,000 after acquiring an additional 2,385,081 shares during the period. APG Asset Management US Inc. purchased a new position in Medical Properties Trust during the fourth quarter valued at approximately $5,209,000. Finally, Hudson Bay Capital Management LP acquired a new position in Medical Properties Trust in the fourth quarter valued at approximately $4,562,000. 71.79% of the stock is owned by hedge funds and other 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.