Medical Properties Trust (MPT)
Acquires hospital properties and leases them to operators under long-term net leases.
Something off on this page? Send us feedback.
Owns hospital real estate and leases it to healthcare operators, often pairing property transactions with operator financing. The portfolio spans the United States, Europe, and Colombia, while rent collection depends on tenant performance and the ongoing transition of former Steward facilities.
Acquires and develops hospital real estate, then leases facilities to healthcare operators under long-term net leases. The model can release capital tied up in hospital property, while selected transactions also include mortgage loans or operator investments.
General acute-care and behavioral-health facilities anchor a portfolio spread across the United States, Europe, and Colombia. Growth has relied on assembling operator-linked portfolios and financing cross-border acquisitions; the current phase emphasizes selected sales, refinancing, and limited new purchases.
Rent collection ultimately depends on the financial health of a concentrated group of hospital operators. Former Steward facilities are under replacement tenants with rents still ramping, Prospect exposure has been reduced through restructuring, and debt refinancing remains active. These tenant transitions and capital obligations shape cash generation from the portfolio.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $5 | Target: $3.80 |
| Feb 3, 2026 | Maxim Group | Target | Target: — | Target: $8 |
| Nov 25, 2025 | Wells Fargo | Reiterate | Rating: —Target: $7.50 | Target: $5 |
| Mar 12, 2025 | Exane BNP Paribas | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $396.6M · Total debt $9.70B · Total assets $14.75B · Shareholders' equity $4.50B
- Revenue
- $259.3M
- Operating income
- $143.9M
- Net income
- −$2.6M
HistoryDividendAnnual yield
| Insiders | 9.21% | 55.08M shares | |
|---|---|---|---|
| 14 holders · as of Aug 20, 2026 | |||
| Strategic holders | 11.54% | 69.02M shares | |
| 1 holder · as of Oct 17, 2025 | |||
| Other | 79.25% | 473.99M shares | |
| remainder | |||
598.10M company shares as of Sep 11, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 11.54% | 69.02M | filed Oct 17, 2025 |
Vanguard Portfolio ManagementInstitution | 7.21% | 43.15M | filed Apr 29, 2026 |
He ZhengxuInsider | 6.97% | 41.66M | filed Jan 6, 2026 |
Edward K. JR AldagInsiderdirector, officer: Chairman, President & CEO | 1.12% | 6.69M | filed Jul 8, 2026 |
R. Steven HamnerInsiderdirector, officer: Executive Vice President & CFO | 0.63% | 3.79M | filed Jul 8, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | James Kevin Hanna | officer: Senior VP, Controller & CAO | +2,300 | $4.15 |
| Dec 15, 2025 | Rosa Handley Hooper | officer: SVP of Operations | −2,000 | $5.00 |
| Nov 19, 2025 | Michael G. Stewart | director | −59,000 | $5.02 |
- Universal Health Realty Income Trust
Direct overlap in acute and behavioral hospital real estate
- Chiron Real Estate
Net-lease peer across rehab, surgical hospitals, and medical offices
- Healthcare Realty
Health-system campus real estate with a limited inpatient portfolio
- Ventas
Large healthcare landlord with rehab, LTAC, and outpatient overlap
- Healthpeak Properties
Scaled outpatient and medical-campus real estate competitor
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Medical Properties Trust | $3.57 | −2.09% | $2.18B | — | 154.2 | 2.1 | +7.9% |
| Universal Health Realty Income Trust | $39.05 | +0.05% | $541.6M | 27.9 | — | 3.6 | +0.5% |
| Chiron Real Estate | $36.40 | +0.50% | $479.4M | 9.3 | — | 3.1 | −2.2% |
| Healthcare Realty | $18.24 | −0.19% | $6.41B | — | 317.0 | 5.6 | −1.8% |
| Ventas | $86.95 | −0.09% | $42.31B | 161.2 | 120.3 | 6.6 | +21.7% |
| Healthpeak Properties | $20.64 | −0.41% | $14.28B | 59.2 | 104.2 | 4.8 | +10.5% |
| Median | 43.5 | 120.3 | 4.8 | +0.5% |