Shares of Medical Properties Trust, Inc. (NYSE:MPW – Get Free Report) have been given a consensus recommendation of “Reduce” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.46.
Several analysts have recently commented on MPW shares. StockNews.com began coverage on shares of Medical Properties Trust in a report on Thursday, October 5th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. downgraded Medical Properties Trust from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $9.00 to $7.00 in a research note on Monday, August 21st. Raymond James downgraded Medical Properties Trust from a “strong-buy” rating to an “underperform” rating in a research note on Friday, August 11th. Barclays cut their price objective on Medical Properties Trust from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, August 22nd. Finally, Wells Fargo & Company cut Medical Properties Trust from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $7.00 to $4.00 in a research report on Monday, October 16th.
Hedge Funds Weigh In On Medical Properties Trust
Medical Properties Trust Trading Down 7.4 %
NYSE:MPW opened at $5.05 on Tuesday. The company has a current ratio of 3.52, a quick ratio of 2.88 and a debt-to-equity ratio of 1.23. The firm has a market cap of $3.02 billion, a P/E ratio of -72.07, a PEG ratio of 1.11 and a beta of 1.14. The stock’s 50 day simple moving average is $5.62 and its 200-day simple moving average is $7.64. Medical Properties Trust has a 12-month low of $4.44 and a 12-month high of $14.00.
Medical Properties Trust Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date was Wednesday, September 13th. Medical Properties Trust’s dividend payout ratio is currently -857.14%.
About Medical Properties Trust
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 444 facilities and approximately 44,000 licensed beds in ten countries and across four continents.
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