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

Medical Properties Trust (NYSE:MPW) had its target price boosted by investment analysts at Wells Fargo & Company from $4.50 to $5.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 10.47% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Zacks Research upgraded Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Medical Properties Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $5.50.

Medical Properties Trust Price Performance

Shares of NYSE:MPW traded up $0.27 during trading hours on Tuesday, hitting $5.59. 4,520,738 shares of the company’s stock traded hands, compared to its average volume of 9,884,961. The company’s fifty day simple moving average is $5.11 and its two-hundred day simple moving average is $4.67. The company has a market cap of $3.36 billion, a price-to-earnings ratio of -2.34 and a beta of 1.42. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.76 and a current ratio of 2.76. Medical Properties Trust has a 52 week low of $3.51 and a 52 week high of $6.34.

Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $237.52 million for the quarter, compared to analyst estimates of $244.89 million. Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. As a group, equities analysts anticipate that Medical Properties Trust will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in Medical Properties Trust by 303.9% in the 1st quarter. Victory Capital Management Inc. now owns 419,069 shares of the real estate investment trust’s stock worth $2,527,000 after acquiring an additional 315,309 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Medical Properties Trust by 5.5% in the 1st quarter. Private Advisor Group LLC now owns 96,248 shares of the real estate investment trust’s stock valued at $580,000 after purchasing an additional 5,012 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Medical Properties Trust in the 1st quarter valued at about $1,451,000. Cetera Investment Advisers lifted its position in shares of Medical Properties Trust by 5.1% in the first quarter. Cetera Investment Advisers now owns 260,972 shares of the real estate investment trust’s stock worth $1,574,000 after purchasing an additional 12,716 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of Medical Properties Trust by 7.1% during the first quarter. HB Wealth Management LLC now owns 38,657 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 2,575 shares during the period. Hedge funds and other institutional investors 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.