Medical Properties Trust (NYSE:MPW) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Medical Properties Trust (NYSE:MPW - Free Report) had its target price lifted by Royal Bank of Canada from $4.00 to $5.00 in a research report report published on Monday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust's stock.

MPW has been the topic of a number of other reports. Mizuho decreased their target price on Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. Wells Fargo & Company upped their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Monday. Truist Financial lowered their target price on Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of Medical Properties Trust from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Medical Properties Trust currently has a consensus rating of "Hold" and an average price target of $4.93.

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Medical Properties Trust Price Performance

NYSE MPW traded down $0.19 on Monday, reaching $5.69. The company had a trading volume of 11,006,883 shares, compared to its average volume of 13,407,957. The firm's 50 day moving average price is $4.69 and its 200 day moving average price is $4.70. Medical Properties Trust has a 12 month low of $3.51 and a 12 month high of $6.55. The stock has a market capitalization of $3.41 billion, a PE ratio of -1.35, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69.

Medical Properties Trust Dividend Announcement

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 $0.08 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.32 dividend on an annualized basis and a yield of 5.63%. Medical Properties Trust's dividend payout ratio is presently -8.42%.

Insiders Place Their Bets

In other news, CAO James Kevin Hanna sold 11,641 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now owns 366,913 shares in the company, valued at approximately $1,364,916.36. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Medical Properties Trust

Several hedge funds have recently added to or reduced their stakes in MPW. Allworth Financial LP lifted its stake in Medical Properties Trust by 230.4% in the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 4,241 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Medical Properties Trust during the third quarter valued at approximately $31,000. RFG Advisory LLC purchased a new stake in shares of Medical Properties Trust in the fourth quarter worth approximately $40,000. Silver Oak Securities Incorporated bought a new stake in shares of Medical Properties Trust during the 4th quarter worth approximately $40,000. Finally, Verus Capital Partners LLC bought a new stake in shares of Medical Properties Trust during the 4th quarter worth approximately $40,000. 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.