Medical Properties Trust (NYSE:MPW) Shares Down 2.7%

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report)'s share price was down 2.7% on Thursday . The stock traded as low as $3.97 and last traded at $4.00. Approximately 3,278,954 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 22,809,438 shares. The stock had previously closed at $4.11.

Wall Street Analyst Weigh In

MPW has been the subject of several recent research reports. BNP Paribas raised shares of Medical Properties Trust from a "neutral" rating to an "outperform" rating and set a $6.00 target price for the company in a research report on Friday, March 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Medical Properties Trust in a report on Tuesday, January 30th. They set a "sell" rating and a $2.00 price objective for the company. Colliers Securities downgraded shares of Medical Properties Trust from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $10.00 to $4.25 in a report on Wednesday. Truist Financial increased their price target on shares of Medical Properties Trust from $4.00 to $4.50 and gave the company a "hold" rating in a report on Monday. Finally, Royal Bank of Canada reduced their price target on shares of Medical Properties Trust from $8.00 to $5.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Medical Properties Trust currently has an average rating of "Hold" and a consensus target price of $5.48.

Medical Properties Trust Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.26 and a current ratio of 2.26. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -4.35, a PEG ratio of 1.21 and a beta of 1.20. The firm's 50-day simple moving average is $4.04 and its two-hundred day simple moving average is $4.39.

Institutional Investors Weigh In On Medical Properties Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Medical Properties Trust in the 4th quarter valued at about $25,655,000. State Street Corp boosted its stake in shares of Medical Properties Trust by 11.7% in the 1st quarter. State Street Corp now owns 36,158,910 shares of the real estate investment trust's stock valued at $774,593,000 after purchasing an additional 3,800,294 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Medical Properties Trust by 880.2% in the 3rd quarter. Deutsche Bank AG now owns 3,951,543 shares of the real estate investment trust's stock valued at $21,536,000 after purchasing an additional 3,548,423 shares during the last quarter. Man Group plc bought a new position in Medical Properties Trust during the 4th quarter worth approximately $32,630,000. Finally, Goldman Sachs Group Inc. boosted its stake in Medical Properties Trust by 175.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,850,463 shares of the real estate investment trust's stock worth $58,797,000 after acquiring an additional 2,451,617 shares during the last quarter. Institutional investors and hedge funds 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.