Medical Properties Trust (NYSE:MPW) Sets New 52-Week Low at $7.86

Medical Properties Trust, Inc. (NYSE:MPW – Get Rating) hit a new 52-week low during trading on Wednesday . The company traded as low as $7.86 and last traded at $7.98, with a volume of 4461509 shares traded. The stock had previously closed at $8.52.

Analyst Upgrades and Downgrades

MPW has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Medical Properties Trust in a research note on Tuesday, March 7th. Bank of America lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Thursday. Raymond James reduced their price objective on shares of Medical Properties Trust from $18.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 2nd. StockNews.com started coverage on Medical Properties Trust in a research report on Thursday. They issued a “hold” rating for the company. Finally, Mizuho dropped their target price on Medical Properties Trust from $20.00 to $18.00 in a research report on Friday, December 2nd. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.82.

Medical Properties Trust Price Performance

The stock has a fifty day moving average of $11.80 and a 200-day moving average of $12.04. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 5.34, a P/E/G ratio of 0.54 and a beta of 0.96.

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, March 16th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 14.48%. The ex-dividend date of this dividend is Wednesday, March 15th. Medical Properties Trust’s dividend payout ratio is currently 77.33%.

Institutional Investors Weigh In On Medical Properties Trust

Several large investors have recently modified their holdings of MPW. Marshall Wace LLP raised its stake in shares of Medical Properties Trust by 348.8% during the third quarter. Marshall Wace LLP now owns 7,104,051 shares of the real estate investment trust’s stock worth $84,256,000 after purchasing an additional 5,521,226 shares during the last quarter. State Street Corp raised its stake in shares of Medical Properties Trust by 11.7% during the first quarter. State Street Corp now owns 36,158,910 shares of the real estate investment trust’s stock worth $774,593,000 after purchasing an additional 3,800,294 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Medical Properties Trust by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 17,071,940 shares of the real estate investment trust’s stock worth $202,473,000 after purchasing an additional 3,355,195 shares during the last quarter. Norges Bank purchased a new stake in shares of Medical Properties Trust during the fourth quarter worth approximately $34,612,000. Finally, Man Group plc purchased a new stake in shares of Medical Properties Trust during the fourth quarter worth approximately $32,630,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Medical Properties Trust Company Profile

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Medical Properties Trust, Inc is a self-advised real estate investment trust, engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals, long-term acute care hospitals, ambulatory surgery centers, hospitals for women and children, regional and community hospitals, medical office buildings, and other single-discipline facilities.