Truist Financial Cuts Medical Properties Trust (NYSE:MPW) Price Target to $4.00

Medical Properties Trust (NYSE:MPW) had its target price decreased by Truist Financial from $6.00 to $4.00 in a report issued on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

MPW has been the topic of several other reports. Wolfe Research raised Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Friday, September 13th. Finally, Mizuho cut their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.92.

Medical Properties Trust Stock Up 2.7 %

Shares of Medical Properties Trust stock opened at $3.86 on Thursday. Medical Properties Trust has a twelve month low of $2.92 and a twelve month high of $6.55. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The company’s 50 day moving average is $4.39 and its 200 day moving average is $4.76. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -0.91, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.29%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -7.58%.

Insider Activity

In related news, Director Michael G. Stewart sold 32,780 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the completion of the sale, the director now owns 221,245 shares in the company, valued at approximately $1,207,997.70. This trade represents a 12.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.53% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Medical Properties Trust during the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in shares of Medical Properties Trust during the third quarter worth $31,000. GAMMA Investing LLC grew its stake in Medical Properties Trust by 107.3% during the third quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 3,145 shares in the last quarter. Wealthstream Advisors Inc. bought a new stake in Medical Properties Trust in the 3rd quarter valued at $60,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Medical Properties Trust in the 3rd quarter worth $61,000. 71.79% of the stock is currently owned by institutional investors.

Medical Properties Trust Company Profile

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