Medical Properties Trust, Inc. (NYSE:MPW) Director Elizabeth N. Pitman Purchases 8,087 Shares

Medical Properties Trust, Inc. (NYSE:MPW) Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company’s stock, valued at approximately $461,207.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Medical Properties Trust Stock Performance

Medical Properties Trust stock opened at $5.77 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93 and a quick ratio of 2.93. Medical Properties Trust, Inc. has a 12 month low of $2.92 and a 12 month high of $6.55. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -2.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28. The stock’s 50-day moving average is $4.90 and its 200-day moving average is $4.73.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.75). The company had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. During the same quarter last year, the firm earned $0.48 EPS. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. Equities analysts anticipate that Medical Properties Trust, Inc. will post 0.89 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a yield of 5.55%. Medical Properties Trust’s dividend payout ratio (DPR) is -14.41%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MPW. Truist Financial raised their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 13th. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Friday, September 13th. Finally, BNP Paribas downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.22.

Institutional Trading of Medical Properties Trust

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Medical Properties Trust during the fourth quarter valued at approximately $25,655,000. HighPoint Advisor Group LLC purchased a new stake in Medical Properties Trust during the 4th quarter worth $62,000. Waterloo Capital L.P. purchased a new stake in Medical Properties Trust during the 4th quarter worth $86,000. State of Alaska Department of Revenue lifted its holdings in Medical Properties Trust by 87.3% in the 1st quarter. State of Alaska Department of Revenue now owns 648,000 shares of the real estate investment trust’s stock worth $3,045,000 after buying an additional 302,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Medical Properties Trust by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after buying an additional 7,084,981 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.