Medical Properties Trust (NYSE:MPW) is hitting a new 52-week high of $6.55

VaselineSeptember 19, 2024

0 4 minutes read

Medical Properties Trust, Inc. share price. (NYSE:MPW – Get Free Report ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.55 and last traded at $6.46, with a volume of 1332573 shares changing hands. Shares previously closed at $6.35.

The Wall Street analyst weighs in

Several research firms have commented on MPW. Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, September 13th. BNP Paribas lowered shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $4.00 in a research note on Tuesday. July 2. Finally, Truist Financial lifted their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th . Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $5.22.

Check out our latest stock analysis on Medical Properties Trust

Medical property trust trading down 4.8%

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The company’s 50-day moving average is $4.88 and its 200-day moving average is $4.73. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.93, and a quick ratio of 2.93. The company has a market cap of $3.56 billion, a PE ratio of -2.68, a PEG ratio of 0.68 and a beta of 1.28.

Medical Properties Trust (NYSE:MPW – Get Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.75). The business had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $259.53 million. During the same period last year, the company posted earnings of $0.48 per share. Medical Properties Trust’s revenue for the quarter was down 21.0% on a year-over-year basis. On average, equities analysts anticipate that Medical Properties Trust, Inc. will post 0.89 earnings per share for the current year.

Medical Property Trust Cuts Dividends

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 9th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 9. This represents a dividend of $0.32 on an annualized basis and a yield of 5.39%. Medical Properties Trust’s dividend payout ratio is currently -14.41%.

Indoor activity

In related news, Director C Reynolds Thompson III sold 20,530 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the transaction, the director now directly owns 54,637 shares in the company, valued at $239,310.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other news, Director C Reynolds Thompson III sold 20,530 shares of Medical Properties Trust stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, Director Elizabeth N. Pitman sold 10,025 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the transaction, the director now owns 68,653 shares of the company’s stock, valued at $341,891.94. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s shares.

Hedge funds influence the Medical Property Trust

A number of large investors have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in Medical Properties Trust in the second quarter valued at about $56,000. KPP Advisory Services LLC boosted its holdings in shares of Medical Properties Trust by 20.7% during the second quarter. KPP Advisory Services LLC now owns 95,041 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 16,280 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Medical Properties Trust by 1.7% in the second quarter. Cetera Investment Advisers now owns 353,121 shares of the real estate investment trust’s stock valued at $1,522,000 after buying an additional 5,874 shares during the last quarter. Sunbelt Securities Inc. raised its position in Medical Properties Trust by 5.5% in the second quarter. Sunbelt Securities Inc. now owns 406,237 shares of the real estate investment trust’s stock worth $1,751,000 after buying an additional 21,092 shares during the period. Finally, Creative Planning boosted its stake in Medical Properties Trust by 42.6% in the second quarter. Creative Planning now owns 326,293 shares of the real estate investment trust’s stock worth $1,406,000 after purchasing an additional 97,546 shares in the last quarter. 71.79% of the shares are held by hedge funds and other institutional investors.

About Medical Properties Trust

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Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net leased hospital facilities. Since its founding in Birmingham, Alabama, the company has grown to become one of the largest owners of hospital real estate in the world, with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.