Truist Financial Has Lowered Expectations for Medical Properties Trust (NYSE:MPW) Stock Price

Medical Properties Trust (NYSE:MPW - Free Report) had its target price cut by Truist Financial from $6.00 to $4.00 in a research note released on Thursday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust's stock.

A number of other research analysts also recently issued reports on the company. Wolfe Research raised Medical Properties Trust to a "hold" rating in a research note on Monday, September 23rd. Colliers Securities raised Medical Properties Trust from a "neutral" rating to a "buy" rating and set a $6.50 price target on the stock in a research note on Friday, September 13th. Finally, Mizuho reduced their price objective on shares of Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.92.

Medical Properties Trust Trading Down 4.1 %

NYSE MPW traded down $0.16 during mid-day trading on Thursday, reaching $3.76. 18,499,154 shares of the stock were exchanged, compared to its average volume of 16,395,295. The stock has a market cap of $2.26 billion, a P/E ratio of -0.89, a P/E/G ratio of 0.64 and a beta of 1.29. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. Medical Properties Trust has a one year low of $2.92 and a one year high of $6.55. The stock has a 50 day simple moving average of $4.44 and a 200-day simple moving average of $4.79.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend is Thursday, December 12th. Medical Properties Trust's payout ratio is -7.58%.

Insider Buying and Selling

In related news, Director Michael G. Stewart sold 32,780 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.46, for a total value of $178,978.80. Following the sale, the director now owns 221,245 shares in the company, valued at $1,207,997.70. This represents a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.53% of the stock is owned by company insiders.

Institutional Trading of Medical Properties Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new position in shares of Medical Properties Trust in the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in Medical Properties Trust during the 3rd quarter valued at $31,000. GAMMA Investing LLC boosted its holdings in Medical Properties Trust by 107.3% during the 3rd quarter. GAMMA Investing LLC now owns 6,077 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 3,145 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Medical Properties Trust in the 2nd quarter worth $46,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Medical Properties Trust in the second quarter valued at about $47,000. 71.79% of the stock is owned by institutional investors.

About Medical Properties Trust

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.