Medical Properties Trust (NYSE:MPT) Shares Gap Down – What’s Next?

Medical Properties Trust, Inc. (NYSE:MPT)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.70, but opened at $4.50. Medical Properties Trust shares last traded at $4.28, with a volume of 4,200,191 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada lowered their price target on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Weiss Ratings cut Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Reduce” and an average price target of $4.50.

Medical Properties Trust Stock Performance

The business’s 50 day simple moving average is $4.72. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $2.46 billion, a PE ratio of -19.57 and a beta of 1.41.

Medical Properties Trust (NYSE:MPT) last announced its earnings results on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Medical Properties Trust had a negative net margin of 12.59% and a negative return on equity of 2.70%. The company had revenue of $259.28 million for the quarter. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Medical Properties Trust, Inc. will post 0.63 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Thursday, June 18th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -171.43%.

Institutional Trading of Medical Properties Trust

Several large investors have recently bought and sold shares of the business. Diversify Advisory Services LLC purchased a new position in Medical Properties Trust in the 2nd quarter worth approximately $1,529,000. Meeder Advisory Services Inc. purchased a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $130,000. BlackRock Inc. acquired a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $347,673,000. Pallas Capital Advisors LLC purchased a new position in Medical Properties Trust during the second quarter worth approximately $173,000. Finally, Deutsche Bank AG purchased a new position in Medical Properties Trust during the second quarter worth approximately $25,302,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

About Medical Properties Trust

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.