Medical Properties Trust, Inc. (NYSE:MPW) Director Buys $48,602.87 in Stock

Medical Properties Trust, Inc. (NYSE:MPW) Director Elizabeth N. Pitman bought 8,087 shares of Medical Properties Trust stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $6.01 per share, with a total value of $48,602.87. Following the completion of the purchase, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Medical Properties Trust Stock Performance

Shares of NYSE MPW opened at $5.77 on Friday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.51. The firm’s 50-day moving average price is $4.90 and its two-hundred day moving average price is $4.73. Medical Properties Trust, Inc. has a 52-week low of $2.92 and a 52-week high of $6.55. The stock has a market capitalization of $3.46 billion, a P/E ratio of -2.60, a P/E/G ratio of 0.68 and a beta of 1.28.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.75). The company had revenue of $266.60 million during the quarter, compared to analyst estimates of $259.53 million. The company’s revenue was down 21.0% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. As a group, sell-side analysts forecast that Medical Properties Trust, Inc. will post 0.89 earnings per share for the current year.

Medical Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 9th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, September 9th. This represents a $0.32 annualized dividend and a dividend yield of 5.55%. Medical Properties Trust’s dividend payout ratio is currently -14.41%.

Analyst Upgrades and Downgrades

MPW has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 13th. BNP Paribas downgraded Medical Properties Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $6.00 to $4.00 in a research note on Tuesday, July 2nd. Finally, Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $5.22.

Institutional Trading of Medical Properties Trust

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in Medical Properties Trust during the 2nd quarter valued at $56,000. KPP Advisory Services LLC increased its holdings in shares of Medical Properties Trust by 20.7% during the second quarter. KPP Advisory Services LLC now owns 95,041 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 16,280 shares during the period. Cetera Investment Advisers raised its stake in shares of Medical Properties Trust by 1.7% during the second quarter. Cetera Investment Advisers now owns 353,121 shares of the real estate investment trust’s stock valued at $1,522,000 after purchasing an additional 5,874 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Medical Properties Trust by 5.5% in the second quarter. Sunbelt Securities Inc. now owns 406,237 shares of the real estate investment trust’s stock worth $1,751,000 after purchasing an additional 21,092 shares during the period. Finally, Creative Planning grew its position in Medical Properties Trust by 42.6% in the 2nd quarter. Creative Planning now owns 326,293 shares of the real estate investment trust’s stock valued at $1,406,000 after buying an additional 97,546 shares in the last quarter. 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.