Medical Properties Trust (NYSE:MPW) Trading 4.2% Higher on Analyst Upgrade

Shares of Medical Properties Trust, Inc. (NYSE:MPW) rose 4.2% during trading on Friday after Truist Financial raised their price target on the stock from $4.50 to $5.00. Truist Financial currently has a hold rating on the stock. Medical Properties Trust traded as high as $5.25 and last traded at $5.21. Approximately 4,362,453 shares changed hands during trading, a decline of 80% from the average daily volume of 21,763,354 shares. The stock had previously closed at $5.00.

Several other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Deutsche Bank Aktiengesellschaft raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating and raised their target price for the company from $2.00 to $5.00 in a research note on Wednesday, April 17th. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price for the company in a research note on Friday, March 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $5.00 price objective on shares of Medical Properties Trust in a research note on Tuesday, May 14th. Finally, Colliers Securities cut shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $4.25 in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Hold” and an average price target of $5.80.

Institutional Investors Weigh In On Medical Properties Trust

Institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Medical Properties Trust by 112.1% during the 1st quarter. Lindbrook Capital LLC now owns 7,225 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 3,819 shares in the last quarter. Tucker Asset Management LLC lifted its holdings in Medical Properties Trust by 2,447.6% during the 3rd quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 7,661 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Medical Properties Trust in the 1st quarter valued at about $38,000. Cetera Trust Company N.A bought a new stake in shares of Medical Properties Trust in the 4th quarter valued at about $43,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Medical Properties Trust in the 1st quarter valued at about $43,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Stock Performance

The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.26 and a current ratio of 3.10. The firm has a market cap of $3.12 billion, a P/E ratio of -2.35, a price-to-earnings-growth ratio of 0.66 and a beta of 1.19. The firm’s fifty day moving average price is $4.67 and its 200 day moving average price is $4.35.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.54%. The ex-dividend date of this dividend was Friday, April 19th. Medical Properties Trust’s payout ratio is currently -27.03%.

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.