Medical Properties Trust (NYSE:MPW) Shares Up 4.2% After Dividend Announcement

Medical Properties Trust, Inc. (NYSE:MPWGet Free Report)’s stock price shot up 4.2% during mid-day trading on Friday after the company announced a dividend. The company traded as high as $5.25 and last traded at $5.21. 4,362,453 shares traded hands during trading, a decline of 80% from the average session volume of 21,763,354 shares. The stock had previously closed at $5.00.

The newly announced dividend which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 11.19%. Medical Properties Trust’s dividend payout ratio is currently -27.03%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MPW. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Friday, March 1st. Colliers Securities cut Medical Properties Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $4.25 in a report on Wednesday, April 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $5.00 price objective on shares of Medical Properties Trust in a research note on Tuesday, May 14th. StockNews.com lowered shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. Finally, Truist Financial raised their price objective on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.80.

View Our Latest Report on MPW

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’s 50 day moving average is $4.67 and its 200-day moving average is $4.35. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -2.41, a price-to-earnings-growth ratio of 0.66 and a beta of 1.19.

Institutional Investors Weigh In On Medical Properties Trust

Several institutional investors and hedge funds have recently modified their holdings of MPW. Lasalle Investment Management Securities LLC raised its holdings in Medical Properties Trust by 49.6% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 5,065,844 shares of the real estate investment trust’s stock worth $27,609,000 after acquiring an additional 1,680,200 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Medical Properties Trust by 93.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 204,807 shares of the real estate investment trust’s stock valued at $1,117,000 after acquiring an additional 98,807 shares during the period. Amalgamated Bank increased its stake in Medical Properties Trust by 0.9% in the fourth quarter. Amalgamated Bank now owns 376,806 shares of the real estate investment trust’s stock valued at $1,850,000 after acquiring an additional 3,322 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Medical Properties Trust by 5.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,546,115 shares of the real estate investment trust’s stock valued at $22,321,000 after buying an additional 228,716 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Medical Properties Trust by 5.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 378,885 shares of the real estate investment trust’s stock valued at $1,857,000 after buying an additional 18,916 shares in the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Company Profile

(Get Free Report)

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.

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