Medical Properties Trust (NYSE:MPT) Trading Down 5.8% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPT)’s share price traded down 5.8% during trading on Friday . The company traded as low as $3.38 and last traded at $3.39. Approximately 8,922,311 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 6,710,199 shares. The stock had previously closed at $3.60.

Wall Street Analysts Forecast Growth

MPT has been the topic of several analyst reports. Royal Bank Of Canada decreased their price target on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Weiss Ratings lowered shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Finally, Wells Fargo & Company decreased their target price on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Medical Properties Trust presently has an average rating of “Sell” and a consensus price target of $4.15.

Medical Properties Trust Stock Down 5.8%

The business has a 50-day moving average price of $4.28. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -56.50 and a beta of 1.40.

Medical Properties Trust (NYSE:MPT) last released its quarterly earnings results on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $259.28 million for the quarter. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Medical Properties Trust, Inc. will post 0.56 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -600.00%.

Hedge Funds Weigh In On Medical Properties Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi raised its position in shares of Medical Properties Trust by 1.6% during the 2nd quarter. Amundi now owns 388,683 shares of the company’s stock valued at $1,796,000 after buying an additional 6,252 shares in the last quarter. Continuum Advisory LLC purchased a new stake in Medical Properties Trust in the second quarter worth approximately $31,000. Nykredit A S bought a new position in Medical Properties Trust during the second quarter valued at approximately $41,000. OneAscent Family Office LLC bought a new stake in shares of Medical Properties Trust in the 2nd quarter worth approximately $49,000. Finally, Tidal Investments LLC purchased a new stake in shares of Medical Properties Trust in the 2nd quarter valued at $49,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust focused on healthcare facilities. The company acquires, develops, owns and leases properties used by healthcare providers, with an emphasis on hospitals and other facilities that deliver essential medical services.

Medical Properties Trust has historically invested primarily in acute-care hospitals, behavioral health facilities, inpatient rehabilitation hospitals and other specialized healthcare properties. Its real estate is generally leased to hospital and healthcare operators under long-term arrangements, while its investments have also included mortgage loans and other healthcare-related financing.

Founded in 2003 and headquartered in Birmingham, Alabama, Medical Properties Trust has built a portfolio spanning the United States and selected international markets, including the United Kingdom and other parts of Europe.