Medical Properties Trust (NYSE:MPW) Given New $5.00 Price Target at Wells Fargo & Company

Medical Properties Trust (NYSE:MPW) had its price target hoisted by Wells Fargo & Company from $4.00 to $5.00 in a research report released on Monday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on MPW. StockNews.com upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Truist Financial decreased their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Finally, Mizuho dropped their price objective 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 issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Medical Properties Trust currently has an average rating of “Hold” and a consensus target price of $4.93.

Medical Properties Trust Trading Down 2.2 %

Shares of Medical Properties Trust stock opened at $5.89 on Monday. The company has a fifty day simple moving average of $4.64 and a 200-day simple moving average of $4.70. Medical Properties Trust has a 12-month low of $3.51 and a 12-month high of $6.55. 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 has a market cap of $3.53 billion, a price-to-earnings ratio of -1.39, a PEG ratio of 1.01 and a beta of 1.32.

Medical Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.44%. Medical Properties Trust’s dividend payout ratio (DPR) is -8.42%.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Medical Properties Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Medical Properties Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 10,742,446 shares of the real estate investment trust’s stock valued at $42,446,000 after purchasing an additional 58,828 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Medical Properties Trust by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust’s stock valued at $34,912,000 after buying an additional 118,577 shares in the last quarter. Northern Trust Corp lifted its position in shares of Medical Properties Trust by 60.8% during the 4th quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust’s stock valued at $24,921,000 after acquiring an additional 2,385,081 shares during the period. Silver Point Capital L.P. boosted its stake in shares of Medical Properties Trust by 155.3% during the 3rd quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust’s stock worth $35,100,000 after acquiring an additional 3,650,000 shares in the last quarter. Finally, Wilsey Asset Management Inc. grew its holdings in shares of Medical Properties Trust by 8.5% in the 4th quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust’s stock worth $18,379,000 after acquiring an additional 362,582 shares during the period. 71.79% of the stock is 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.