Royal Bank Of Canada Has Lowered Expectations for Medical Properties Trust (NYSE:MPW) Stock Price

Medical Properties Trust (NYSE:MPW) had its price target decreased by Royal Bank Of Canada from $5.00 to $4.50 in a report released on Monday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $5.00 to $9.00 in a research note on Wednesday, March 12th. Wells Fargo & Company increased their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Finally, Wall Street Zen upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.67.

Medical Properties Trust Stock Down 3.4%

Medical Properties Trust stock opened at $4.31 on Monday. The firm has a 50 day simple moving average of $4.80 and a 200 day simple moving average of $4.88. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.99. Medical Properties Trust has a 1-year low of $3.51 and a 1-year high of $6.55. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -1.56 and a beta of 1.32.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $223.80 million during the quarter, compared to the consensus estimate of $233.80 million. Medical Properties Trust had a negative return on equity of 31.14% and a negative net margin of 174.35%. Medical Properties Trust’s revenue was down 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. On average, analysts predict that Medical Properties Trust will post 0.78 earnings per share for the current year.

Medical Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 7.42%. The ex-dividend date is Wednesday, June 18th. Medical Properties Trust’s payout ratio is -11.55%.

Institutional Trading of Medical Properties Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its holdings in shares of Medical Properties Trust by 60.8% during the fourth quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust’s stock worth $24,921,000 after purchasing an additional 2,385,081 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Medical Properties Trust by 43.2% in the first quarter. Allianz Asset Management GmbH now owns 7,134,629 shares of the real estate investment trust’s stock valued at $43,022,000 after purchasing an additional 2,152,861 shares in the last quarter. AQR Capital Management LLC lifted its position in Medical Properties Trust by 295.0% during the first quarter. AQR Capital Management LLC now owns 2,743,970 shares of the real estate investment trust’s stock valued at $16,313,000 after purchasing an additional 2,049,268 shares during the last quarter. APG Asset Management US Inc. purchased a new position in Medical Properties Trust in the 4th quarter worth approximately $5,209,000. Finally, Nuveen LLC purchased a new position in Medical Properties Trust in the 1st quarter worth approximately $7,311,000. Hedge funds and other institutional investors 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.