Medical Properties Trust (NYSE:MPW) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Medical Properties Trust (NYSE:MPWGet Rating) from a hold rating to a buy rating in a research note published on Monday morning.

Several other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Medical Properties Trust from $25.00 to $20.00 in a research report on Wednesday, April 27th. Bank of America lowered Medical Properties Trust from a buy rating to a neutral rating and set a $21.00 price objective for the company. in a report on Friday, March 11th. Truist Financial lowered their price objective on Medical Properties Trust from $26.00 to $23.00 and set a hold rating on the stock in a research report on Thursday, March 24th. Credit Suisse Group lowered their price objective on Medical Properties Trust from $27.00 to $26.00 and set an outperform rating on the stock in a research report on Monday, February 14th. Finally, Jefferies Financial Group downgraded Medical Properties Trust from a buy rating to a hold rating and lowered their price objective for the company from $25.00 to $20.00 in a research report on Friday, April 22nd. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $23.10.

MPW stock traded up $0.08 during midday trading on Monday, hitting $18.15. The company’s stock had a trading volume of 4,075,651 shares, compared to its average volume of 5,185,785. The stock’s 50-day moving average price is $19.55 and its 200 day moving average price is $21.06. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.13. Medical Properties Trust has a 1 year low of $17.38 and a 1 year high of $24.13. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 1.53 and a beta of 0.65.

Medical Properties Trust (NYSE:MPWGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.58. Medical Properties Trust had a return on equity of 13.25% and a net margin of 70.61%. The firm had revenue of $409.80 million for the quarter, compared to analysts’ expectations of $413.31 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Medical Properties Trust will post 1.83 earnings per share for the current fiscal year.

In related news, Director Michael G. Stewart sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $20.26, for a total value of $121,560.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO R Steven Hamner sold 285,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $21.04, for a total transaction of $5,996,400.00. Following the completion of the transaction, the chief financial officer now directly owns 1,961,214 shares in the company, valued at $41,263,942.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 906,000 shares of company stock valued at $19,235,910. 1.04% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC increased its holdings in Medical Properties Trust by 0.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 98,849 shares of the real estate investment trust’s stock valued at $2,336,000 after purchasing an additional 445 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Medical Properties Trust by 13.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 3,802 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 451 shares during the last quarter. Dupont Capital Management Corp lifted its position in Medical Properties Trust by 0.6% in the fourth quarter. Dupont Capital Management Corp now owns 83,991 shares of the real estate investment trust’s stock valued at $1,985,000 after acquiring an additional 466 shares during the last quarter. Lazard Asset Management LLC increased its stake in Medical Properties Trust by 2.2% in the fourth quarter. Lazard Asset Management LLC now owns 22,015 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 466 shares during the period. Finally, Redpoint Investment Management Pty Ltd increased its stake in Medical Properties Trust by 0.8% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 57,332 shares of the real estate investment trust’s stock valued at $1,355,000 after purchasing an additional 478 shares during the period. Hedge funds and other institutional investors own 82.27% of the company’s stock.

Medical Properties Trust Company Profile (Get Rating)

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 hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis.

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