Medical Properties Trust (NYSE:MPT) Reaches New 1-Year Low – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPT – Get Free Report)’s share price reached a new 52-week low on Thursday. The company traded as low as $1.92 and last traded at $1.93, with a volume of 2,948,831 shares traded. The stock had previously closed at $2.05.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. BNP Paribas Exane cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and set a $2.25 target price on the stock. in a research note on Tuesday. Wells Fargo & Company reduced their price target on Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a report on Tuesday, September 1st. Finally, Royal Bank Of Canada lowered Medical Properties Trust from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from $4.50 to $2.00 in a research note on Friday, October 30th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Strong Sell” and a consensus target price of $2.68.

Read Our Latest Report on MPT

Medical Properties Trust Stock Down 4.3%

The company has a quick ratio of 3.12, a current ratio of 3.92 and a debt-to-equity ratio of 2.00. The stock has a market cap of $1.07 billion, a P/E ratio of 4.39 and a beta of 1.50. The company’s 50 day moving average price is $3.21 and its two-hundred day moving average price is $4.28.

Medical Properties Trust (NYSE:MPT – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $250.14 million during the quarter. Medical Properties Trust had a return on equity of 5.45% and a net margin of 24.14%. The company’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that Medical Properties Trust, Inc. will post 0.53 earnings per share for the current year.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 20.0%. The ex-dividend date was Thursday, September 10th. Medical Properties Trust’s dividend payout ratio is currently 87.80%.

Institutional Investors Weigh In On Medical Properties Trust

Several large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Medical Properties Trust in the second quarter worth approximately $347,673,000. State Street Corp purchased a new position in Medical Properties Trust in the second quarter valued at about $118,522,000. Allianz Asset Management GmbH purchased a new position in Medical Properties Trust in the second quarter valued at about $33,903,000. Advisors Capital Management LLC bought a new position in Medical Properties Trust in the second quarter worth about $30,483,000. Finally, Bank of New York Mellon Corp bought a new position in Medical Properties Trust in the second quarter worth about $28,285,000. Institutional investors own 71.79% of the company’s stock.

About Medical Properties Trust

(Get Free Report)

Medical Properties Trust, Inc is a healthcare-focused real estate investment trust (REIT) that owns and invests in healthcare facilities. Its portfolio has historically included hospitals, inpatient rehabilitation facilities, long-term acute-care hospitals, behavioral health facilities and other properties used by healthcare providers.

Founded in 2003 and headquartered in Birmingham, Alabama, the company primarily generates income by leasing properties to healthcare operators under long-term agreements.

Recommended Stories

Receive News & Ratings for Medical Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medical Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.