Medical Properties Trust (NYSE:MPT) Reaches New 52-Week Low – Here’s Why

Shares of Medical Properties Trust, Inc. (NYSE:MPT) hit a new 52-week low during trading on Wednesday. The stock traded as low as $3.20 and last traded at $3.24, with a volume of 9321351 shares traded. The stock had previously closed at $3.30.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MPT. Weiss Ratings lowered shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada dropped their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Finally, Wells Fargo & Company cut their price objective on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Sell” and an average target price of $4.15.

Medical Properties Trust Trading Down 1.9%

The business has a fifty day moving average of $3.89 and a 200-day moving average of $4.52. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market capitalization of $1.87 billion, a P/E ratio of -52.17 and a beta of 1.45.

Medical Properties Trust (NYSE:MPT) last released its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The firm had revenue of $259.28 million for the quarter. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.36 annualized dividend and a yield of 11.5%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -600.00%.

Hedge Funds Weigh In On Medical Properties Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $347,673,000. Corient Private Wealth LP bought a new position in Medical Properties Trust in the 2nd quarter worth about $3,670,000. Allianz Asset Management GmbH purchased a new stake in Medical Properties Trust in the second quarter valued at approximately $33,903,000. State Street Corp bought a new stake in shares of Medical Properties Trust during the 2nd quarter worth $118,522,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Medical Properties Trust during the second quarter worth about $2,471,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

About Medical Properties Trust

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust focused on owning and investing in healthcare facilities. The company primarily acquires and leases hospitals and other healthcare properties to healthcare operators under long-term agreements, providing real estate capital that can support facility expansion, modernization and operations.

Its portfolio has historically included general acute-care hospitals, inpatient rehabilitation facilities, behavioral health facilities and other specialized healthcare properties.