Royal Bank of Canada Issues Positive Forecast for Medical Properties Trust (NYSE:MPW) Stock Price

Medical Properties Trust (NYSE:MPW) had its price target upped by equities researchers at Royal Bank of Canada from $4.00 to $5.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price suggests a potential downside of 17.29% from the stock’s current price.

MPW has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Monday. Mizuho lowered their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. StockNews.com raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Truist Financial cut their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Hold” and an average price target of $4.93.

Medical Properties Trust Stock Performance

MPW stock traded up $0.11 during midday trading on Monday, reaching $6.05. 6,913,538 shares of the company’s stock traded hands, compared to its average volume of 13,275,057. The firm has a market capitalization of $3.63 billion, a PE ratio of -1.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The company has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.70. Medical Properties Trust has a 52 week low of $3.51 and a 52 week high of $6.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38.

Insider Transactions at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.53% of the stock is currently owned by insiders.

Institutional Trading of Medical Properties Trust

Several hedge funds and other institutional investors have recently bought and sold shares of MPW. Truvestments Capital LLC purchased a new stake in shares of Medical Properties Trust in the 3rd quarter valued at $31,000. Allworth Financial LP boosted its position in Medical Properties Trust by 230.4% during the fourth quarter. Allworth Financial LP now owns 6,082 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 4,241 shares during the period. Verus Capital Partners LLC bought a new position in shares of Medical Properties Trust during the fourth quarter valued at about $40,000. RS Crum Inc. purchased a new position in shares of Medical Properties Trust in the fourth quarter worth about $40,000. Finally, RFG Advisory LLC bought a new stake in shares of Medical Properties Trust in the 4th quarter valued at about $40,000. 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.