Truist Financial Cuts Medical Properties Trust (NYSE:MPW) Price Target to $4.00

Medical Properties Trust (NYSE:MPW) had its price target decreased by Truist Financial from $6.00 to $4.00 in a report released on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on MPW. Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, September 13th. Finally, Mizuho decreased their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.92.

Medical Properties Trust Trading Up 2.7 %

NYSE:MPW opened at $3.86 on Thursday. Medical Properties Trust has a 1 year low of $2.92 and a 1 year high of $6.55. The stock’s fifty day moving average price is $4.39 and its two-hundred day moving average price is $4.76. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $2.32 billion, a P/E ratio of -0.91, a P/E/G ratio of 0.62 and a beta of 1.29.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date is Thursday, December 12th. Medical Properties Trust’s payout ratio is currently -7.58%.

Insiders Place Their Bets

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction on Wednesday, October 9th. The stock was 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. This represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.53% of the stock is currently owned by company insiders.

Institutional Trading of Medical Properties Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC purchased a new position in Medical Properties Trust during the 3rd quarter valued at about $29,000. Truvestments Capital LLC purchased a new position in shares of Medical Properties Trust during the third quarter valued at approximately $31,000. GAMMA Investing LLC boosted its position in shares of Medical Properties Trust by 107.3% in the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 3,145 shares in the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of Medical Properties Trust in the 2nd quarter worth approximately $46,000. Finally, Frank Rimerman Advisors LLC bought a new position in Medical Properties Trust during the 2nd quarter valued at approximately $47,000. 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.