Medical Properties Trust (NYSE:MPW – Get Free Report) had its price target upped by analysts at Truist Financial from $4.00 to $4.50 in a report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 10.02% from the company’s previous close.
A number of other brokerages have also recently commented on MPW. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. KeyCorp restated a “sector weight” rating on shares of Medical Properties Trust in a research report on Friday, January 5th. Mizuho decreased their price target on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 3rd. Royal Bank of Canada decreased their price target on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, BNP Paribas upgraded Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Friday, March 1st. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.60.
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Medical Properties Trust Stock Performance
Shares of MPW traded up $0.04 during midday trading on Monday, reaching $4.09. 8,315,300 shares of the stock were exchanged, compared to its average volume of 23,356,621. Medical Properties Trust has a twelve month low of $2.92 and a twelve month high of $10.74. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.45 billion, a P/E ratio of -4.35, a PEG ratio of 1.20 and a beta of 1.20. The stock’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $4.40.
Institutional Trading of Medical Properties Trust
Several hedge funds and other institutional investors have recently made changes to their positions in MPW. HighTower Advisors LLC grew its holdings in shares of Medical Properties Trust by 8.2% during the first quarter. HighTower Advisors LLC now owns 83,236 shares of the real estate investment trust’s stock worth $1,755,000 after purchasing an additional 6,318 shares during the last quarter. AlphaCrest Capital Management LLC grew its holdings in shares of Medical Properties Trust by 147.1% during the first quarter. AlphaCrest Capital Management LLC now owns 21,434 shares of the real estate investment trust’s stock worth $453,000 after purchasing an additional 12,761 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Medical Properties Trust by 15.4% during the first quarter. Raymond James Trust N.A. now owns 37,749 shares of the real estate investment trust’s stock worth $798,000 after purchasing an additional 5,046 shares during the last quarter. Cibc World Market Inc. grew its holdings in shares of Medical Properties Trust by 11.3% during the first quarter. Cibc World Market Inc. now owns 38,588 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 3,922 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Medical Properties Trust by 43.9% during the first quarter. Sei Investments Co. now owns 807,982 shares of the real estate investment trust’s stock worth $17,067,000 after purchasing an additional 246,411 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors.
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.
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