Medical Properties Trust (NYSE:MPW) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Medical Properties Trust (NYSE:MPWFree Report) from a sell rating to a hold rating in a research report released on Friday morning.

MPW has been the subject of several other research reports. BNP Paribas upgraded Medical Properties Trust from a neutral rating to an outperform rating and set a $6.00 price target for the company in a report on Friday, March 1st. Royal Bank of Canada dropped their price target on shares of Medical Properties Trust from $8.00 to $5.00 and set an outperform rating for the company in a research report on Tuesday, February 20th. Truist Financial lifted their price target on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a hold rating in a report on Monday, April 8th. Colliers Securities cut shares of Medical Properties Trust from a buy rating to a neutral rating and lowered their price objective for the company from $10.00 to $4.25 in a research note on Wednesday, April 10th. Finally, 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 report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $5.75.

Read Our Latest Analysis on Medical Properties Trust

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock traded up $0.09 during trading hours on Friday, reaching $4.78. 12,127,180 shares of the company’s stock were exchanged, compared to its average volume of 17,372,252. Medical Properties Trust has a 52-week low of $2.92 and a 52-week high of $10.74. The company has a fifty day moving average of $4.43 and a 200-day moving average of $4.32. The company has a current ratio of 3.10, a quick ratio of 2.26 and a debt-to-equity ratio of 1.48.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 22nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.55%. Medical Properties Trust’s payout ratio is currently -27.03%.

Institutional Investors Weigh In On Medical Properties Trust

A number of large investors have recently added to or reduced their stakes in MPW. Brown Advisory Inc. purchased a new stake in shares of Medical Properties Trust during the third quarter worth about $65,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Medical Properties Trust by 7.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 997,975 shares of the real estate investment trust’s stock valued at $5,439,000 after buying an additional 69,134 shares during the last quarter. Advisor Partners II LLC grew its position in shares of Medical Properties Trust by 23.9% during the third quarter. Advisor Partners II LLC now owns 201,439 shares of the real estate investment trust’s stock worth $1,098,000 after buying an additional 38,798 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Medical Properties Trust by 86.6% in the third quarter. Inspire Investing LLC now owns 63,809 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 29,615 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Medical Properties Trust by 22.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,317,399 shares of the real estate investment trust’s stock worth $23,530,000 after buying an additional 791,318 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

About Medical Properties Trust

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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.

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Analyst Recommendations for Medical Properties Trust (NYSE:MPW)

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