Medical Properties Trust (NYSE:MPW) Reaches New 1-Year High at $23.76

Medical Properties Trust, Inc. (NYSE:MPW)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.76 and last traded at $23.65, with a volume of 1330040 shares. The stock had previously closed at $23.36.

A number of research firms recently weighed in on MPW. Mizuho increased their price objective on Medical Properties Trust from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, December 26th. ValuEngine upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Barclays set a $22.00 price objective on Medical Properties Trust and gave the company a “buy” rating in a report on Monday, October 21st. Zacks Investment Research upgraded Medical Properties Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird increased their price objective on Medical Properties Trust from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.59.

The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 3.20 and a beta of 0.58. The stock has a fifty day moving average of $22.05 and a two-hundred day moving average of $20.14. The company has a debt-to-equity ratio of 1.00, a current ratio of 9.45 and a quick ratio of 6.27.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.09). The company had revenue of $256.44 million during the quarter, compared to analyst estimates of $263.35 million. Medical Properties Trust had a net margin of 43.86% and a return on equity of 6.57%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, research analysts forecast that Medical Properties Trust, Inc. will post 1.68 EPS for the current year.

In other Medical Properties Trust news, Director Michael G. Stewart sold 4,800 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $21.27, for a total transaction of $102,096.00. Also, COO Emmett E. Mclean sold 100,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $20.84, for a total transaction of $2,084,000.00. Following the sale, the chief operating officer now directly owns 1,003,415 shares in the company, valued at approximately $20,911,168.60. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MPW. Captrust Financial Advisors bought a new position in shares of Medical Properties Trust during the 4th quarter worth about $761,000. Cubist Systematic Strategies LLC boosted its position in shares of Medical Properties Trust by 103.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 59,343 shares of the real estate investment trust’s stock worth $1,253,000 after purchasing an additional 30,220 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Medical Properties Trust during the 4th quarter worth about $30,000. Blueshift Asset Management LLC bought a new position in shares of Medical Properties Trust during the 4th quarter worth about $566,000. Finally, Bank of America Corp DE boosted its position in shares of Medical Properties Trust by 10.9% during the 4th quarter. Bank of America Corp DE now owns 4,322,042 shares of the real estate investment trust’s stock worth $91,238,000 after purchasing an additional 424,947 shares in the last quarter. 72.14% of the stock is currently owned by institutional investors and hedge funds.

About Medical Properties Trust (NYSE:MPW)

Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.

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