Zacks Research Upgrades Medical Properties Trust (NYSE:MPW) to "Hold"

Key Points

• Zacks Research has upgraded Medical Properties Trust (NYSE:MPW) from a "strong sell" to a "hold" rating, indicating a shift in analyst sentiment regarding the company's stock.
• Medical Properties Trust's quarterly earnings report revealed a loss, with earnings per share (EPS) of $0.14, falling short of the expected $0.15 EPS, and a year-over-year revenue decline of 9.8%.
• Despite mixed ratings from analysts, the current average target price for Medical Properties Trust is $5.67, with two analysts rating it as a "buy" and five as a "hold."

Medical Properties Trust (NYSE:MPW - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on MPW. Royal Bank Of Canada lowered their target price on Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a report on Monday, June 30th. Wall Street Zen downgraded Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Medical Properties Trust presently has an average rating of "Hold" and an average target price of $5.67.

Medical Properties Trust Trading Down 0.3%

NYSE:MPW opened at $4.3150 on Wednesday. The company has a market cap of $2.59 billion, a PE ratio of -1.81 and a beta of 1.28. The business's 50 day moving average is $4.25 and its two-hundred day moving average is $4.89. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. Medical Properties Trust has a 52 week low of $3.51 and a 52 week high of $6.55.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $240.36 million for the quarter, compared to analyst estimates of $231.90 million. Medical Properties Trust had a negative net margin of 155.20% and a negative return on equity of 28.80%. The business's revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that Medical Properties Trust will post 0.78 EPS for the current year.

Institutional Trading of Medical Properties Trust

Several hedge funds have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC grew its stake in shares of Medical Properties Trust by 1,256.4% in the second quarter. Coppell Advisory Solutions LLC now owns 41,574 shares of the real estate investment trust's stock worth $185,000 after purchasing an additional 38,509 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Medical Properties Trust during the second quarter valued at about $85,000. Advisory Services Network LLC lifted its holdings in Medical Properties Trust by 12.8% in the second quarter. Advisory Services Network LLC now owns 169,761 shares of the real estate investment trust's stock worth $699,000 after purchasing an additional 19,283 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Medical Properties Trust in the second quarter worth about $50,000. Finally, Caxton Associates LLP grew its position in Medical Properties Trust by 115.4% in the 2nd quarter. Caxton Associates LLP now owns 617,826 shares of the real estate investment trust's stock valued at $2,663,000 after buying an additional 330,946 shares in the last quarter. 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.

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