Medical Properties Trust (NYSE:MPW) Price Target Lowered to $4.50 at Wells Fargo & Company

Medical Properties Trust (NYSE:MPW) had its price target cut by Wells Fargo & Company from $5.00 to $4.50 in a research report report published on Wednesday,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada decreased their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research report on Monday, June 30th. Finally, Wall Street Zen cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Medical Properties Trust currently has an average rating of “Hold” and a consensus target price of $5.58.

Medical Properties Trust Stock Performance

NYSE MPW opened at $4.43 on Wednesday. The firm has a market capitalization of $2.66 billion, a P/E ratio of -1.85 and a beta of 1.28. The stock has a 50-day simple moving average of $4.25 and a two-hundred day simple moving average of $4.88. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.76 and a current ratio of 2.76. Medical Properties Trust has a fifty-two week low of $3.51 and a fifty-two week high of $6.55.

Medical Properties Trust (NYSE:MPW) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%.The company had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts forecast that Medical Properties Trust will post 0.78 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 11th. Medical Properties Trust’s payout ratio is -13.39%.

Institutional Investors Weigh In On Medical Properties Trust

A number of hedge funds have recently modified their holdings of MPW. New Age Alpha Advisors LLC purchased a new position in shares of Medical Properties Trust in the first quarter worth about $617,000. Public Sector Pension Investment Board lifted its stake in Medical Properties Trust by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 1,903,990 shares of the real estate investment trust’s stock worth $11,481,000 after purchasing an additional 408,133 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Medical Properties Trust during the 1st quarter worth approximately $478,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Medical Properties Trust by 13.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,020,568 shares of the real estate investment trust’s stock worth $60,424,000 after purchasing an additional 1,182,028 shares during the last quarter. Finally, TriaGen Wealth Management LLC purchased a new stake in shares of Medical Properties Trust in the first quarter valued at approximately $647,000. 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.