Michael G. Stewart Sells 32,780 Shares of Medical Properties Trust, Inc. (NYSE:MPW) Stock

Medical Properties Trust, Inc. (NYSE:MPW) Director Michael G. Stewart sold 32,780 shares of the 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 sale, the director now owns 221,245 shares of the company’s stock, valued at approximately $1,207,997.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Medical Properties Trust Trading Down 5.7 %

NYSE:MPW traded down $0.32 during trading hours on Wednesday, hitting $5.17. 14,108,883 shares of the stock were exchanged, compared to its average volume of 17,537,033. The company has a market capitalization of $3.10 billion, a P/E ratio of -2.33, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $5.13 and its two-hundred day moving average is $4.87. Medical Properties Trust, Inc. has a twelve month low of $2.92 and a twelve month high of $6.55.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.75). The company had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. The firm’s revenue was down 21.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. On average, sell-side analysts anticipate that Medical Properties Trust, Inc. will post 0.87 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders 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 annualized dividend and a dividend yield of 6.20%. Medical Properties Trust’s payout ratio is currently -14.41%.

Analyst Upgrades and Downgrades

MPW has been the subject of a number of research reports. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. BNP Paribas lowered shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Truist Financial lifted their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Finally, Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.22.

Institutional Trading of Medical Properties Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new stake in Medical Properties Trust during the 3rd quarter worth $29,000. Versant Capital Management Inc raised its position in shares of Medical Properties Trust by 435.0% during the second quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 6,482 shares during the period. Iron Horse Wealth Management LLC raised its position in shares of Medical Properties Trust by 166.7% during the second quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 5,000 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,145 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Medical Properties Trust during the 1st quarter worth approximately $43,000. 71.79% of the stock is owned by 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.