Medical Properties Trust (NYSE:MPW) Shares Up 7.9% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPW) rose 7.9% during trading on Friday . The company traded as high as $4.94 and last traded at $4.90. Approximately 10,155,157 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 16,908,762 shares. The stock had previously closed at $4.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Colliers Securities upgraded shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Medical Properties Trust presently has an average rating of “Hold” and a consensus target price of $5.38.

Medical Properties Trust Trading Up 8.1 %

The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.51. The company’s fifty day moving average is $5.16 and its 200-day moving average is $4.92. The firm has a market capitalization of $2.95 billion, a P/E ratio of -1.79, a P/E/G ratio of 0.68 and a beta of 1.32.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $259.53 million. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. As a group, sell-side analysts anticipate that Medical Properties Trust, Inc. will post 0.85 earnings per share for the current fiscal year.

Medical Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend was Monday, September 9th. Medical Properties Trust’s payout ratio is currently -11.90%.

Insider Activity at Medical Properties Trust

In related news, Director Elizabeth N. Pitman bought 8,087 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the purchase, the director now directly owns 76,740 shares in the company, valued at $461,207.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Medical Properties Trust news, Director Elizabeth N. Pitman acquired 8,087 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the purchase, the director now owns 76,740 shares in the company, valued at $461,207.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.38, for a total transaction of $89,921.40. Following the sale, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,335 shares of company stock worth $318,825 in the last ninety days. 1.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its holdings in Medical Properties Trust by 22.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock worth $3,418,000 after acquiring an additional 143,309 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Medical Properties Trust by 378.4% in the 3rd quarter. International Assets Investment Management LLC now owns 885,983 shares of the real estate investment trust’s stock valued at $5,183,000 after purchasing an additional 700,783 shares during the last quarter. Algert Global LLC boosted its stake in shares of Medical Properties Trust by 91.5% in the 2nd quarter. Algert Global LLC now owns 183,881 shares of the real estate investment trust’s stock valued at $793,000 after purchasing an additional 87,881 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Medical Properties Trust by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 93,058,174 shares of the real estate investment trust’s stock valued at $437,373,000 after purchasing an additional 7,084,981 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Medical Properties Trust by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,622,683 shares of the real estate investment trust’s stock valued at $37,168,000 after purchasing an additional 328,184 shares during the last quarter. 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.