Medical Properties Trust (NYSE:MPT) Stock Price Down 4.4% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPT)’s share price dropped 4.4% during mid-day trading on Monday. The company traded as low as $1.7150 and last traded at $1.73. 7,674,179 shares were traded during trading, a decline of 8% from the average daily volume of 8,382,151 shares. The stock had previously closed at $1.81.

Wall Street Analysts Forecast Growth

MPT has been the subject of several analyst reports. Weiss Ratings cut shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. BNP Paribas Exane downgraded shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and set a $2.25 target price for the company. in a research note on Tuesday, November 3rd. Wells Fargo & Company reduced their price objective on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating for the company in a research report on Tuesday, September 1st. Finally, Royal Bank Of Canada downgraded shares of Medical Properties Trust from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $4.50 to $2.00 in a research note on Friday, October 30th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Medical Properties Trust presently has a consensus rating of “Strong Sell” and an average price target of $2.68.

Medical Properties Trust Stock Down 0.6%

The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 4.39 and a beta of 1.51. The company has a quick ratio of 3.12, a current ratio of 3.92 and a debt-to-equity ratio of 2.00. The stock has a 50 day simple moving average of $3.21 and a 200 day simple moving average of $4.28.

Medical Properties Trust (NYSE:MPT) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Medical Properties Trust had a net margin of 24.14% and a return on equity of 5.45%. The business had revenue of $250.14 million for the quarter. Medical Properties Trust’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, analysts expect that Medical Properties Trust, Inc. will post 0.53 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 20.0%. The ex-dividend date was Thursday, September 10th. Medical Properties Trust’s payout ratio is presently 87.80%.

Institutional Trading of Medical Properties Trust

A number of large investors have recently modified their holdings of the business. Amundi lifted its position in Medical Properties Trust by 1.6% during the second quarter. Amundi now owns 388,683 shares of the company’s stock valued at $1,796,000 after purchasing an additional 6,252 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Medical Properties Trust during the 2nd quarter valued at $31,000. CoreCap Advisors LLC purchased a new stake in shares of Medical Properties Trust during the 3rd quarter valued at $27,000. Nykredit A S purchased a new position in Medical Properties Trust in the second quarter worth $41,000. Finally, NFSG Corp bought a new position in Medical Properties Trust in the third quarter valued at $34,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Company Profile

Medical Properties Trust is a real estate investment trust that owns and invests in healthcare facilities, with a primary focus on hospitals. The company leases its properties to healthcare operators and may provide financing related to the acquisition or development of medical facilities.

Founded in 2003, Medical Properties Trust has built a portfolio of properties serving acute-care, behavioral health, rehabilitation and other healthcare needs. Its investments have included facilities in the United States and international markets.

The company’s business model centers on owning healthcare real estate and generating income through leases and other property-related investments.