Medical Properties Trust (NYSE:MPW) Shares Up 2.5%

Medical Properties Trust, Inc. (NYSE:MPW)’s share price shot up 2.5% during trading on Thursday . The stock traded as high as $4.94 and last traded at $4.89. 4,226,800 shares were traded during trading, a decline of 81% from the average session volume of 22,724,980 shares. The stock had previously closed at $4.77.

Analysts Set New Price Targets

Several brokerages recently commented on MPW. Truist Financial raised their price objective on Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a research note on Monday, April 8th. Royal Bank of Canada dropped their price objective on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. StockNews.com downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Mizuho dropped their price objective on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Medical Properties Trust from a “sell” rating to a “hold” rating and lifted their price target for the company from $2.00 to $5.00 in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.75.

Medical Properties Trust Trading Up 3.4 %

The company has a debt-to-equity ratio of 1.32, a current ratio of 2.26 and a quick ratio of 2.26. The business has a 50-day moving average of $4.14 and a 200-day moving average of $4.37. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of -5.20, a P/E/G ratio of 1.37 and a beta of 1.20.

Medical Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 22nd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.17%. The ex-dividend date is Friday, April 19th. Medical Properties Trust’s dividend payout ratio is currently -63.83%.

Institutional Trading of Medical Properties Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of Medical Properties Trust in the first quarter valued at about $38,000. Brookstone Capital Management bought a new position in Medical Properties Trust during the first quarter worth about $56,000. Sunbelt Securities Inc. grew its holdings in Medical Properties Trust by 40.0% during the first quarter. Sunbelt Securities Inc. now owns 385,145 shares of the real estate investment trust’s stock worth $1,810,000 after purchasing an additional 109,967 shares during the period. Hoxton Planning & Management LLC grew its holdings in Medical Properties Trust by 49.2% during the first quarter. Hoxton Planning & Management LLC now owns 45,010 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 14,846 shares during the period. Finally, Ballentine Partners LLC grew its holdings in Medical Properties Trust by 21.7% during the first quarter. Ballentine Partners LLC now owns 32,316 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,773 shares during the period. Institutional investors and hedge funds 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.