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

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

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Truist Financial decreased their price objective on Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Finally, 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 research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Medical Properties Trust has a consensus rating of “Hold” and a consensus target price of $4.93.

Medical Properties Trust Stock Performance

Shares of NYSE MPW traded up $0.08 during mid-day trading on Monday, reaching $6.02. 1,759,976 shares of the company’s stock were exchanged, compared to its average volume of 13,157,717. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of -1.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The firm has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.70. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. Medical Properties Trust has a 52 week low of $3.51 and a 52 week high of $6.55.

Insider Activity at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 366,913 shares of the company’s stock, valued at approximately $1,364,916.36. The trade was a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MPW. Van ECK Associates Corp increased its holdings in shares of Medical Properties Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 251,959 shares of the real estate investment trust’s stock worth $1,474,000 after purchasing an additional 27,597 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Medical Properties Trust during the third quarter valued at $878,000. Wolverine Asset Management LLC increased its holdings in Medical Properties Trust by 27.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 517,866 shares of the real estate investment trust’s stock worth $3,030,000 after buying an additional 112,721 shares in the last quarter. Versor Investments LP raised its position in Medical Properties Trust by 490.9% in the 3rd quarter. Versor Investments LP now owns 97,500 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 81,000 shares during the last quarter. Finally, Savvy Advisors Inc. bought a new position in Medical Properties Trust during the 3rd quarter valued at about $64,000. 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.