Medical Properties Trust (NYSE:MPT) Sets New 1-Year Low – Here’s Why

Medical Properties Trust, Inc. (NYSE:MPT) shares reached a new 52-week low during trading on Wednesday. The company traded as low as $3.20 and last traded at $3.24, with a volume of 9321351 shares trading hands. The stock had previously closed at $3.30.

Analyst Upgrades and Downgrades

MPT has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating for the company in a report on Tuesday, September 1st. Weiss Ratings cut shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada decreased their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average target price of $4.15.

Medical Properties Trust Stock Down 2.1%

The company’s 50-day moving average is $3.95 and its two-hundred day moving average is $4.54. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.12 and a quick ratio of 3.12. The company has a market cap of $1.93 billion, a P/E ratio of -53.83 and a beta of 1.45.

Medical Properties Trust (NYSE:MPT) last posted its earnings results on Monday, August 10th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.The business had revenue of $259.28 million during the quarter. Medical Properties Trust’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Medical Properties Trust, Inc. will post 0.53 earnings per share for the current fiscal year.

Medical Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 11.1%. Medical Properties Trust’s payout ratio is -600.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MPT. Amundi lifted its position in Medical Properties Trust by 1.6% during the second quarter. Amundi now owns 388,683 shares of the company’s stock valued at $1,796,000 after purchasing an additional 6,252 shares during the period. Continuum Advisory LLC bought a new position in shares of Medical Properties Trust during the 2nd quarter valued at $31,000. Nykredit A S purchased a new position in shares of Medical Properties Trust in the 2nd quarter worth $41,000. OneAscent Family Office LLC purchased a new position in shares of Medical Properties Trust in the 2nd quarter worth $49,000. Finally, Tidal Investments LLC bought a new stake in shares of Medical Properties Trust in the second quarter worth $49,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

About Medical Properties Trust

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.