Medical Properties Trust (NYSE:MPW) Shares Down 0.2%

Shares of Medical Properties Trust, Inc. (NYSE:MPW) were down 0.2% on Thursday . The company traded as low as $4.62 and last traded at $4.71. Approximately 11,029,190 shares changed hands during trading, a decline of 54% from the average daily volume of 24,169,688 shares. The stock had previously closed at $4.72.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MPW shares. Royal Bank of Canada decreased their price objective on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Mizuho decreased their price objective on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, January 3rd. JPMorgan Chase & Co. decreased their price objective on Medical Properties Trust from $8.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, November 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Medical Properties Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $2.00 target price for the company. Finally, KeyCorp reiterated a “sector weight” rating on shares of Medical Properties Trust in a research note on Friday, January 5th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.59.

Medical Properties Trust Stock Down 0.4 %

The company has a market cap of $2.82 billion, a price-to-earnings ratio of -5.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average price is $3.80 and its 200-day moving average price is $4.52.

Hedge Funds Weigh In On Medical Properties Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPW. Advisors Asset Management Inc. acquired a new position in Medical Properties Trust in the 3rd quarter worth $28,000. Tucker Asset Management LLC lifted its position in Medical Properties Trust by 2,447.6% during the 3rd quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 7,661 shares in the last quarter. Cetera Trust Company N.A bought a new stake in Medical Properties Trust during the 4th quarter worth about $43,000. Cary Street Partners Investment Advisory LLC lifted its position in Medical Properties Trust by 861.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,615 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 8,615 shares in the last quarter. Finally, Riverview Trust Co lifted its position in Medical Properties Trust by 313.8% during the 3rd quarter. Riverview Trust Co now owns 9,128 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 6,922 shares in the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

About Medical Properties Trust

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.