Medical Properties Trust (NYSE:MPW) Upgraded at BNP Paribas

Medical Properties Trust (NYSE:MPW) was upgraded by equities research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a $9.00 price target on the real estate investment trust’s stock, up from their prior price target of $5.00. BNP Paribas’ target price indicates a potential upside of 58.31% from the stock’s previous close.

Several other brokerages have also commented on MPW. Truist Financial reduced their price objective on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada increased their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the company a “sector perform” rating in a research report on Monday. StockNews.com upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Mizuho reduced their price objective on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.64.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $5.69 on Wednesday. The firm has a market capitalization of $3.41 billion, a P/E ratio of -1.35, a P/E/G ratio of 1.01 and a beta of 1.32. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.69. The stock’s 50-day simple moving average is $4.72 and its two-hundred day simple moving average is $4.71. Medical Properties Trust has a twelve month low of $3.51 and a twelve month high of $6.55.

Insider Buying and Selling

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now owns 366,913 shares in the company, valued at approximately $1,364,916.36. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Medical Properties Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Medical Properties Trust by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 10,742,446 shares of the real estate investment trust’s stock worth $42,446,000 after buying an additional 58,828 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Medical Properties Trust by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,838,540 shares of the real estate investment trust’s stock worth $34,912,000 after buying an additional 118,577 shares during the period. Northern Trust Corp lifted its stake in shares of Medical Properties Trust by 60.8% in the 4th quarter. Northern Trust Corp now owns 6,309,149 shares of the real estate investment trust’s stock valued at $24,921,000 after purchasing an additional 2,385,081 shares during the period. Silver Point Capital L.P. lifted its stake in shares of Medical Properties Trust by 155.3% in the 3rd quarter. Silver Point Capital L.P. now owns 6,000,000 shares of the real estate investment trust’s stock valued at $35,100,000 after purchasing an additional 3,650,000 shares during the period. Finally, Wilsey Asset Management Inc. lifted its stake in shares of Medical Properties Trust by 8.5% in the 4th quarter. Wilsey Asset Management Inc. now owns 4,652,803 shares of the real estate investment trust’s stock valued at $18,379,000 after purchasing an additional 362,582 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

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.