Medical Properties Trust (NYSE:MPW) Trading Up 8.5% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPW) traded up 8.5% during trading on Thursday . The stock traded as high as $4.66 and last traded at $4.78. 1,448,224 shares traded hands during trading, a decline of 89% from the average session volume of 13,713,039 shares. The stock had previously closed at $4.40.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MPW. Truist Financial cut their price objective on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Mizuho dropped their target price on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Medical Properties Trust has an average rating of “Hold” and a consensus target price of $4.92.

Medical Properties Trust Trading Up 6.9 %

The company has a market cap of $2.82 billion, a P/E ratio of -1.11, a PEG ratio of 0.80 and a beta of 1.29. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The business has a fifty day moving average price of $4.10 and a 200-day moving average price of $4.65.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.80%. The ex-dividend date was Thursday, December 12th. Medical Properties Trust’s payout ratio is -7.58%.

Insider Activity

In other news, CAO James Kevin Hanna sold 11,641 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following the sale, the chief accounting officer now directly owns 366,913 shares of the company’s stock, valued at approximately $1,364,916.36. This represents a 3.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Medical Properties Trust

Several large investors have recently modified their holdings of MPW. Future Financial Wealth Managment LLC bought a new position in Medical Properties Trust during the third quarter worth $29,000. Truvestments Capital LLC bought a new position in shares of Medical Properties Trust during the 3rd quarter worth about $31,000. GAMMA Investing LLC grew its stake 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 buying an additional 3,145 shares during the period. RFG Advisory LLC bought a new stake in Medical Properties Trust in the 4th quarter valued at about $40,000. Finally, Silver Oak Securities Incorporated bought a new position in Medical Properties Trust in the fourth quarter worth approximately $40,000. 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.