Medical Properties Trust, Inc. (NYSE:MPW) Receives $5.75 Average Price Target from Brokerages

Medical Properties Trust, Inc. (NYSE:MPW) has earned a consensus recommendation of “Reduce” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.75.

Several brokerages recently commented on MPW. Deutsche Bank Aktiengesellschaft raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating and lifted their target price for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. StockNews.com lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. BNP Paribas raised Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price objective on the stock in a report on Friday, March 1st. Truist Financial boosted their target price on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada dropped their price objective on shares of Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th.

Medical Properties Trust Price Performance

MPW stock opened at $4.50 on Tuesday. The business’s 50 day simple moving average is $4.41 and its 200 day simple moving average is $4.32. Medical Properties Trust has a 1-year low of $2.92 and a 1-year high of $10.74. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.26 and a quick ratio of 2.26.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 22nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $0.60 annualized dividend and a yield of 13.33%. Medical Properties Trust’s dividend payout ratio is presently -63.83%.

Hedge Funds Weigh In On Medical Properties Trust

Several large investors have recently modified their holdings of MPW. Charles Schwab Investment Management Inc. lifted its holdings in Medical Properties Trust by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,058,339 shares of the real estate investment trust’s stock worth $44,476,000 after buying an additional 448,118 shares during the period. Coatue Management LLC increased its position in Medical Properties Trust by 18.5% during the 4th quarter. Coatue Management LLC now owns 6,806,501 shares of the real estate investment trust’s stock valued at $33,420,000 after purchasing an additional 1,060,830 shares during the period. Lasalle Investment Management Securities LLC raised its holdings in Medical Properties Trust by 6.5% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 5,395,068 shares of the real estate investment trust’s stock worth $26,490,000 after purchasing an additional 329,224 shares during the last quarter. Norges Bank bought a new stake in shares of Medical Properties Trust in the 4th quarter valued at $25,655,000. Finally, Legal & General Group Plc increased its position in shares of Medical Properties Trust by 0.3% during the third quarter. Legal & General Group Plc now owns 4,852,620 shares of the real estate investment trust’s stock worth $26,447,000 after buying an additional 13,585 shares during the period. 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.