Medical Properties Trust (NYSE:MPW) Lowered to “Neutral” at BNP Paribas

BNP Paribas lowered shares of Medical Properties Trust (NYSE:MPW) from an outperform rating to a neutral rating in a report published on Tuesday morning, Marketbeat reports. BNP Paribas currently has $4.00 target price on the real estate investment trust’s stock, down from their previous target price of $6.00.

Other equities analysts have also issued research reports about the company. Colliers Securities lowered Medical Properties Trust from a buy rating to a neutral rating and cut their price target for the company from $10.00 to $4.25 in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a sell rating to a hold rating and lifted their target price for the company from $2.00 to $5.00 in a research note on Wednesday, April 17th. StockNews.com lowered Medical Properties Trust from a hold rating to a sell rating in a research note on Saturday, May 18th. Truist Financial lifted their target price on Medical Properties Trust from $4.50 to $5.00 and gave the company a hold rating in a research note on Thursday, May 30th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a $5.00 target price on shares of Medical Properties Trust in a research note on Tuesday, May 14th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Medical Properties Trust currently has an average rating of Hold and a consensus price target of $5.61.

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock opened at $4.02 on Tuesday. The firm has a market cap of $2.41 billion, a P/E ratio of -1.81, a P/E/G ratio of 0.62 and a beta of 1.27. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.51. Medical Properties Trust has a 12 month low of $2.92 and a 12 month high of $10.74. The stock’s fifty day moving average price is $4.91 and its 200-day moving average price is $4.36.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.93%. The ex-dividend date is Monday, June 10th. Medical Properties Trust’s dividend payout ratio (DPR) is -27.03%.

Institutional Investors Weigh In On Medical Properties Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Medical Properties Trust by 93.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 204,807 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 98,807 shares during the period. Amalgamated Bank lifted its holdings in shares of Medical Properties Trust by 0.9% during the fourth quarter. Amalgamated Bank now owns 376,806 shares of the real estate investment trust’s stock worth $1,850,000 after purchasing an additional 3,322 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Medical Properties Trust by 5.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,546,115 shares of the real estate investment trust’s stock worth $22,321,000 after purchasing an additional 228,716 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Medical Properties Trust by 5.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 378,885 shares of the real estate investment trust’s stock worth $1,857,000 after purchasing an additional 18,916 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Medical Properties Trust during the fourth quarter worth about $109,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.