Medical Properties Trust (NYSE:MPT) Sets New 52-Week Low – Should You Sell?

Medical Properties Trust, Inc. (NYSE:MPT) shares hit a new 52-week low on Tuesday . The company traded as low as $3.56 and last traded at $3.58, with a volume of 11407524 shares trading hands. The stock had previously closed at $3.64.

Analysts Set New Price Targets

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

Medical Properties Trust Stock Down 1.6%

The firm has a 50 day moving average price of $4.34. The company has a market cap of $2.14 billion, a P/E ratio of -59.67 and a beta of 1.40. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 2.16.

Medical Properties Trust (NYSE:MPT) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share 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 company had revenue of $259.28 million during the quarter. Medical Properties Trust’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Medical Properties Trust, Inc. will post 0.56 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.36 annualized dividend and a yield of 10.1%. Medical Properties Trust’s payout ratio is currently -600.00%.

Hedge Funds Weigh In On Medical Properties Trust

Several institutional investors and hedge funds have recently made changes to their positions in MPT. Continuum Advisory LLC acquired a new stake in shares of Medical Properties Trust during the second quarter worth approximately $31,000. Nykredit A S acquired a new stake in Medical Properties Trust in the second quarter valued at $41,000. OneAscent Family Office LLC acquired a new stake in Medical Properties Trust in the second quarter valued at $49,000. Tidal Investments LLC acquired a new stake in Medical Properties Trust in the second quarter valued at $49,000. Finally, Greenspring Advisors LLC bought a new position in Medical Properties Trust during the 2nd quarter valued at $54,000. 71.79% of the stock is currently owned by hedge funds and other institutional investors.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust focused on healthcare facilities. The company acquires, develops, owns and leases properties used by healthcare providers, with an emphasis on hospitals and other facilities that deliver essential medical services.

Medical Properties Trust has historically invested primarily in acute-care hospitals, behavioral health facilities, inpatient rehabilitation hospitals and other specialized healthcare properties. Its real estate is generally leased to hospital and healthcare operators under long-term arrangements, while its investments have also included mortgage loans and other healthcare-related financing.

Founded in 2003 and headquartered in Birmingham, Alabama, Medical Properties Trust has built a portfolio spanning the United States and selected international markets, including the United Kingdom and other parts of Europe.