Medical Properties Trust, Inc. (NYSE:MPT – Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $3.20 and last traded at $3.24, with a volume of 9321351 shares changing hands. The stock had previously closed at $3.30.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Weiss Ratings lowered Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada lowered their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Finally, Wells Fargo & Company cut their price objective on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating for the company in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Sell” and a consensus target price of $4.15.
Check Out Our Latest Analysis on Medical Properties Trust
Medical Properties Trust Stock Down 2.1%
Medical Properties Trust (NYSE:MPT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $259.28 million during the quarter. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.Medical Properties Trust’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Medical Properties Trust, Inc. will post 0.53 earnings per share for the current year.
Medical Properties Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 11.1%. Medical Properties Trust’s payout ratio is -600.00%.
Institutional Trading of Medical Properties Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi raised its holdings in Medical Properties Trust by 1.6% in the 2nd quarter. Amundi now owns 388,683 shares of the company’s stock worth $1,796,000 after purchasing an additional 6,252 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Medical Properties Trust during the 2nd quarter valued at about $31,000. Nykredit A S purchased a new position in shares of Medical Properties Trust during the second quarter valued at about $41,000. OneAscent Family Office LLC purchased a new position in shares of Medical Properties Trust during the second quarter valued at about $49,000. Finally, Tidal Investments LLC bought a new position in Medical Properties Trust in the second quarter worth about $49,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.
Medical Properties Trust Company Profile
Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust focused on owning and investing in healthcare facilities. The company primarily acquires and leases hospitals and other healthcare properties to healthcare operators under long-term agreements, providing real estate capital that can support facility expansion, modernization and operations.
Its portfolio has historically included general acute-care hospitals, inpatient rehabilitation facilities, behavioral health facilities and other specialized healthcare properties.
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