Medical Properties Trust (NYSE:MPT) Shares Down 6.2% – What’s Next?

Medical Properties Trust, Inc. (NYSE:MPT)’s stock price fell 6.2% during mid-day trading on Monday. The stock traded as low as $2.08 and last traded at $2.11. 6,322,658 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 7,899,510 shares. The stock had previously closed at $2.25.

Analysts Set New Price Targets

MPT has been the topic of a number of recent research reports. Wells Fargo & Company reduced 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 research report on Tuesday, September 1st. Royal Bank Of Canada downgraded shares of Medical Properties Trust from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $4.50 to $2.00 in a research note on Friday. Finally, Weiss Ratings downgraded shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Three analysts have rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Strong Sell” and an average target price of $2.90.

Medical Properties Trust Stock Down 6.7%

The firm has a fifty day simple moving average of $3.42 and a 200-day simple moving average of $4.35. The company has a market capitalization of $1.25 billion, a PE ratio of 5.12 and a beta of 1.45. The company has a debt-to-equity ratio of 2.00, a quick ratio of 3.12 and a current ratio of 3.92.

Medical Properties Trust (NYSE:MPT) last released its earnings results on Thursday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 revenue was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Medical Properties Trust, Inc. will post 0.53 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 17.1%. The ex-dividend date was Thursday, September 10th. Medical Properties Trust’s dividend payout ratio is 87.80%.

Institutional Investors Weigh In On Medical Properties Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Medical Properties Trust in the second quarter valued at about $347,673,000. State Street Corp bought a new position in Medical Properties Trust during the 2nd quarter worth approximately $118,522,000. Allianz Asset Management GmbH acquired a new position in shares of Medical Properties Trust in the 2nd quarter worth approximately $33,903,000. Advisors Capital Management LLC acquired a new position in shares of Medical Properties Trust in the 2nd quarter worth approximately $30,483,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Medical Properties Trust in the 2nd quarter valued at approximately $28,285,000. Institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a healthcare-focused real estate investment trust (REIT) that owns and invests in healthcare facilities. Its portfolio has historically included hospitals, inpatient rehabilitation facilities, long-term acute-care hospitals, behavioral health facilities and other properties used by healthcare providers.

Founded in 2003 and headquartered in Birmingham, Alabama, the company primarily generates income by leasing properties to healthcare operators under long-term agreements.