Medical Properties Trust (NYSE:MPW) Given New $5.00 Price Target at Wells Fargo & Company

Medical Properties Trust (NYSE:MPW) had its price objective lifted by equities research analysts at Wells Fargo & Company from $4.00 to $5.00 in a report released on Monday,Benzinga reports. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 17.00% from the company’s current price.

Several other brokerages have also recently issued reports on MPW. StockNews.com raised Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Mizuho decreased their price objective on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Finally, Truist Financial decreased their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.93.

Medical Properties Trust Price Performance

MPW traded up $0.08 during trading on Monday, hitting $6.02. 1,759,976 shares of the company traded hands, compared to its average volume of 13,157,717. The company has a market cap of $3.62 billion, a PE ratio of -1.43, a P/E/G ratio of 1.01 and a beta of 1.32. Medical Properties Trust has a 1 year low of $3.51 and a 1 year high of $6.55. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The stock’s 50-day simple moving average is $4.64 and its two-hundred day simple moving average is $4.70.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total transaction of $43,304.52. Following the completion of the transaction, the chief accounting officer now directly owns 366,913 shares in the company, valued at approximately $1,364,916.36. This represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.53% of the company’s stock.

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. Armis Advisers LLC acquired a new stake in shares of Medical Properties Trust in the 4th quarter worth $51,000. GF Fund Management CO. LTD. purchased a new stake in shares of Medical Properties Trust in the fourth quarter valued at about $41,000. Novem Group acquired a new stake in Medical Properties Trust during the fourth quarter worth about $101,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Medical Properties Trust by 4.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,676,474 shares of the real estate investment trust’s stock worth $14,522,000 after purchasing an additional 150,760 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in Medical Properties Trust by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 49,953 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 2,661 shares during the last quarter. Institutional investors and hedge funds own 71.79% of the company’s stock.

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.