Medical Properties Trust (NYSE:MPW) Shares Up 4.2%

Medical Properties Trust, Inc. (NYSE:MPW)’s share price rose 4.2% during trading on Tuesday . The company traded as high as $4.77 and last traded at $4.71. Approximately 4,103,917 shares changed hands during trading, a decline of 82% from the average daily volume of 22,449,262 shares. The stock had previously closed at $4.52.

Analyst Ratings Changes

MPW has been the subject of a number of research analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Medical Properties Trust in a report on Friday, January 5th. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Royal Bank of Canada reduced their price target on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Colliers Securities cut Medical Properties Trust from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $10.00 to $4.25 in a report on Wednesday, April 10th. Finally, Truist Financial boosted their price objective on Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a report on Monday, April 8th. Five analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Medical Properties Trust presently has an average rating of “Hold” and an average price target of $5.75.

Medical Properties Trust Price Performance

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 firm has a 50 day moving average of $4.24 and a 200-day moving average of $4.35.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.60 annualized dividend and a yield of 13.14%. Medical Properties Trust’s dividend payout ratio is currently -63.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Lasalle Investment Management Securities LLC raised its position in Medical Properties Trust by 49.6% during the third quarter. Lasalle Investment Management Securities LLC now owns 5,065,844 shares of the real estate investment trust’s stock valued at $27,609,000 after purchasing an additional 1,680,200 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Medical Properties Trust by 93.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 204,807 shares of the real estate investment trust’s stock valued at $1,117,000 after purchasing an additional 98,807 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Medical Properties Trust by 5.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,546,115 shares of the real estate investment trust’s stock valued at $22,321,000 after purchasing an additional 228,716 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Medical Properties Trust during the fourth quarter valued at approximately $109,000. Finally, Caxton Associates LP acquired a new position in shares of Medical Properties Trust during the third quarter worth $2,628,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.