Medical Properties Trust (NYSE:MPW) Trading Down 4.7% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPW) shares were down 4.7% on Tuesday . The company traded as low as $4.24 and last traded at $4.27. Approximately 2,908,583 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 16,626,180 shares. The stock had previously closed at $4.48.

Analyst Ratings Changes

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

Medical Properties Trust Stock Performance

The company has a market cap of $2.60 billion, a PE ratio of -1.02, a PEG ratio of 0.69 and a beta of 1.32. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The firm’s 50 day moving average is $4.95 and its 200-day moving average is $4.90.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.32 annualized dividend and a yield of 7.40%. Medical Properties Trust’s dividend payout ratio is presently -7.58%.

Insider Activity at Medical Properties Trust

In other news, Director Elizabeth N. Pitman bought 8,087 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $48,602.87. Following the acquisition, the director now directly owns 76,740 shares of the company’s stock, valued at $461,207.40. This trade represents a 11.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total transaction of $178,978.80. Following the completion of the transaction, the director now owns 221,245 shares in the company, valued at $1,207,997.70. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Medical Properties Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its holdings in Medical Properties Trust by 27.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock valued at $3,030,000 after purchasing an additional 112,721 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Medical Properties Trust by 22.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 793,003 shares of the real estate investment trust’s stock valued at $3,418,000 after purchasing an additional 143,309 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in 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 lifted its holdings 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 worth $793,000 after acquiring an additional 87,881 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Medical Properties Trust by 16.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,367,257 shares of the real estate investment trust’s stock worth $7,998,000 after acquiring an additional 192,955 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.