Wells Fargo & Company Issues Positive Forecast for Medical Properties Trust (NYSE:MPW) Stock Price

Medical Properties Trust (NYSE:MPW - Free Report) had its target price increased by Wells Fargo & Company from $4.00 to $5.00 in a report published on Monday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the real estate investment trust's stock.

Several other equities analysts have also weighed in on MPW. Truist Financial reduced their price objective on Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, December 19th. Mizuho reduced their price objective on Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, December 5th. Finally, StockNews.com raised Medical Properties Trust from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Medical Properties Trust presently has an average rating of "Hold" and an average price target of $5.64.

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Medical Properties Trust Trading Down 2.8 %

NYSE:MPW traded down $0.17 during mid-day trading on Monday, reaching $5.81. The company's stock had a trading volume of 8,379,821 shares, compared to its average volume of 13,255,333. The stock has a market cap of $3.49 billion, a P/E ratio of -1.38, a P/E/G ratio of 1.01 and a beta of 1.32. Medical Properties Trust has a twelve month low of $3.51 and a twelve month high of $6.55. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The company's fifty day simple moving average is $4.76 and its two-hundred day simple moving average is $4.72.

Medical Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Monday, March 10th. Medical Properties Trust's dividend payout ratio (DPR) is presently -8.42%.

Insider Buying and Selling

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following the sale, the chief accounting officer now directly owns 366,913 shares in the company, valued at $1,364,916.36. The trade was a 3.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Medical Properties Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Armis Advisers LLC purchased a new stake in Medical Properties Trust during the 4th quarter worth approximately $51,000. GF Fund Management CO. LTD. purchased a new stake in Medical Properties Trust during the 4th quarter worth approximately $41,000. Novem Group purchased a new stake in Medical Properties Trust during the 4th quarter worth approximately $101,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Medical Properties Trust by 4.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,676,474 shares of the real estate investment trust's stock valued at $14,522,000 after acquiring an additional 150,760 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Medical Properties Trust by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 49,953 shares of the real estate investment trust's stock valued at $186,000 after acquiring an additional 2,661 shares during the last quarter. 71.79% of the stock is currently owned by hedge funds and other 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.