Wells Fargo & Company Raises Medical Properties Trust (NYSE:MPW) Price Target to $5.00

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

Several other equities research analysts have also recently commented on the company. Truist Financial lowered their price target on Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, December 19th. StockNews.com upgraded shares of Medical Properties Trust from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. 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 note on Thursday, December 5th. One investment 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.64.

Remove Ads

Medical Properties Trust Stock Down 2.8 %

MPW traded down $0.17 during trading on Monday, reaching $5.81. 8,379,821 shares of the stock traded hands, compared to its average volume of 13,255,333. 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 fifty-two week low of $3.51 and a fifty-two week high of $6.55. The stock's 50-day simple moving average is $4.76 and its two-hundred day simple moving average is $4.72. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -1.38, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32.

Medical Properties Trust Announces Dividend

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

Insider Activity

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

Hedge Funds Weigh In On Medical Properties Trust

Large investors have recently bought and sold shares of the stock. Armis Advisers LLC bought a new position in Medical Properties Trust during the fourth quarter valued at about $51,000. GF Fund Management CO. LTD. acquired a new position in shares of Medical Properties Trust in the fourth quarter valued at $41,000. Novem Group acquired a new stake in Medical Properties Trust during the fourth quarter worth $101,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 buying an additional 150,760 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its stake 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 buying an additional 2,661 shares in the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.