Medical Properties Trust (NYSE:MPT) Reaches New 12-Month Low – Here’s Why

Shares of Medical Properties Trust, Inc. (NYSE:MPT) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $3.05 and last traded at $3.13, with a volume of 13,056,233 shares traded. The stock had previously closed at $3.14.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered 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. Royal Bank Of Canada cut their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Finally, Weiss Ratings downgraded shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus target price of $4.15.

Medical Properties Trust Stock Down 2.6%

The firm’s fifty day moving average price is $3.77 and its 200-day moving average price is $4.47. 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 firm has a market capitalization of $1.82 billion, a P/E ratio of 5.22 and a beta of 1.45.

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

Medical Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend was Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -600.00%.

Hedge Funds Weigh In On Medical Properties Trust

Several hedge funds have recently modified their holdings of MPT. BlackRock Inc. acquired a new position in Medical Properties Trust during the second quarter worth about $347,673,000. State Street Corp bought a new stake in Medical Properties Trust in the second quarter worth about $118,522,000. Allianz Asset Management GmbH acquired a new stake in Medical Properties Trust in the 2nd quarter valued at about $33,903,000. Advisors Capital Management LLC acquired a new stake in Medical Properties Trust in the 2nd quarter valued at about $30,483,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Medical Properties Trust during the 2nd quarter valued at about $28,285,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

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.