Brokerages Set Medical Properties Trust, Inc. (NYSE:MPW) Price Target at $4.92

Shares of Medical Properties Trust, Inc. (NYSE:MPW) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.92.

A number of brokerages recently issued reports on MPW. Truist Financial cut their target price on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Mizuho lowered 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 report on Thursday, December 5th.

Medical Properties Trust Stock Up 5.6 %

Shares of NYSE:MPW opened at $5.90 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. Medical Properties Trust has a 52-week low of $3.51 and a 52-week high of $6.55. The business’s 50 day simple moving average is $4.40 and its two-hundred day simple moving average is $4.65. The firm has a market cap of $3.54 billion, a P/E ratio of -1.40, a PEG ratio of 1.01 and a beta of 1.32.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Monday, March 10th. Medical Properties Trust’s payout ratio is currently -7.58%.

Insider Buying and Selling at Medical Properties Trust

In related news, CAO James Kevin Hanna sold 11,641 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $3.72, for a total transaction of $43,304.52. Following the transaction, the chief accounting officer now directly owns 366,913 shares in the company, valued at approximately $1,364,916.36. The trade was a 3.08 % 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. Company insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Medical Properties Trust

Several hedge funds have recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 4,241 shares during the last quarter. Truvestments Capital LLC bought a new position in Medical Properties Trust in the 3rd quarter valued at $31,000. RFG Advisory LLC purchased a new stake in shares of Medical Properties Trust during the 4th quarter valued at $40,000. Silver Oak Securities Incorporated purchased a new position in shares of Medical Properties Trust in the 4th quarter worth about $40,000. Finally, Verus Capital Partners LLC purchased a new position in shares of Medical Properties Trust in the 4th quarter worth about $40,000. Institutional investors own 71.79% of the company’s stock.

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.