Medical Properties Trust (NYSE:MPW) Trading Down 6.7% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPW)’s share price traded down 6.7% during trading on Monday . The company traded as low as $4.55 and last traded at $4.58. 10,006,583 shares changed hands during trading, a decline of 41% from the average session volume of 16,930,430 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial boosted their price objective on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Friday, September 13th. Finally, Wolfe Research upgraded Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.50.

Medical Properties Trust Stock Up 1.1 %

The firm has a 50-day moving average price of $5.16 and a 200 day moving average price of $4.92. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.93. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -1.04, a P/E/G ratio of 0.67 and a beta of 1.32.

Medical Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.27%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Insider Activity at Medical Properties Trust

In other news, Director Elizabeth N. Pitman sold 10,025 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the sale, the director now owns 68,653 shares in the company, valued at $341,891.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Elizabeth N. Pitman purchased 8,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average cost of $6.01 per share, with a total value of $48,602.87. Following the completion of the purchase, the director now directly owns 76,740 shares in the company, valued at approximately $461,207.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth N. Pitman sold 10,025 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the transaction, the director now directly owns 68,653 shares of the company’s stock, valued at $341,891.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,335 shares of company stock valued at $318,825. 1.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in Medical Properties Trust in the 3rd quarter valued at $29,000. Truvestments Capital LLC purchased a new stake in Medical Properties Trust in the 3rd quarter valued at about $31,000. Versant Capital Management Inc boosted its position in Medical Properties Trust by 435.0% in the 2nd quarter. Versant Capital Management Inc now owns 7,972 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 6,482 shares during the period. Iron Horse Wealth Management LLC raised its holdings in shares of Medical Properties Trust by 166.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 8,000 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 5,000 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Medical Properties Trust by 107.3% in the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 3,145 shares in the last quarter. Hedge funds and other 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.