Royal Bank of Canada Reiterates Sector Perform Rating for Medical Properties Trust (NYSE:MPW)

Medical Properties Trust (NYSE:MPWGet Free Report)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank of Canada in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $5.00 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 10.23% from the stock’s previous close.

Several other brokerages have also recently weighed in on MPW. BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Friday, March 1st. Colliers Securities cut Medical Properties Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.00 to $4.25 in a research note on Wednesday, April 10th. Truist Financial upped their target price on shares of Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a research note on Monday, April 8th. StockNews.com upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating and boosted their price target for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.75.

Get Our Latest Research Report on Medical Properties Trust

Medical Properties Trust Stock Performance

MPW opened at $5.57 on Tuesday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -2.51, a PEG ratio of 0.54 and a beta of 1.19. The company’s fifty day moving average price is $4.45 and its two-hundred day moving average price is $4.32. Medical Properties Trust has a 1-year low of $2.92 and a 1-year high of $10.74. The company has a current ratio of 3.10, a quick ratio of 2.26 and a debt-to-equity ratio of 1.48.

Hedge Funds Weigh In On Medical Properties Trust

Several institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its holdings in Medical Properties Trust by 112.1% in the 1st quarter. Lindbrook Capital LLC now owns 7,225 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 3,819 shares during the period. Tucker Asset Management LLC lifted its position in shares of Medical Properties Trust by 2,447.6% during the third quarter. Tucker Asset Management LLC now owns 7,974 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 7,661 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Medical Properties Trust in the first quarter valued at $38,000. Cetera Trust Company N.A bought a new stake in shares of Medical Properties Trust during the 4th quarter valued at $43,000. Finally, Fidelis Capital Partners LLC purchased a new stake in Medical Properties Trust during the 1st quarter worth about $43,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Medical Properties Trust Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Medical Properties Trust (NYSE:MPW)

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