Truist Financial Has Lowered Expectations for Medical Properties Trust (NYSE:MPW) Stock Price

Medical Properties Trust (NYSE:MPW) had its price objective lowered by Truist Financial from $6.00 to $4.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 1.78% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday, September 13th. Finally, Mizuho cut their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Medical Properties Trust currently has an average rating of “Hold” and an average target price of $4.92.

Medical Properties Trust Price Performance

Shares of MPW stock traded up $0.01 during mid-day trading on Thursday, hitting $3.93. The company had a trading volume of 2,129,355 shares, compared to its average volume of 16,325,445. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. The stock’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.79. Medical Properties Trust has a 52-week low of $2.92 and a 52-week high of $6.55. The company has a market capitalization of $2.36 billion, a P/E ratio of -0.93, a P/E/G ratio of 0.64 and a beta of 1.29.

Insider Transactions at Medical Properties Trust

In other Medical Properties Trust news, Director Michael G. Stewart sold 32,780 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total value of $178,978.80. Following the transaction, the director now owns 221,245 shares of the company’s stock, valued at $1,207,997.70. This represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.53% of the company’s stock.

Institutional Trading of Medical Properties Trust

Large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its holdings in Medical Properties Trust by 172.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 33,758 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 21,379 shares in the last quarter. McIlrath & Eck LLC bought a new stake in shares of Medical Properties Trust during the third quarter valued at approximately $82,000. Sunbelt Securities Inc. raised its stake in shares of Medical Properties Trust by 1.4% during the third quarter. Sunbelt Securities Inc. now owns 411,942 shares of the real estate investment trust’s stock valued at $2,410,000 after acquiring an additional 5,705 shares in the last quarter. M&T Bank Corp grew its stake in Medical Properties Trust by 15.5% in the third quarter. M&T Bank Corp now owns 332,921 shares of the real estate investment trust’s stock worth $1,948,000 after purchasing an additional 44,597 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Medical Properties Trust by 1.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 771,000 shares of the real estate investment trust’s stock worth $4,510,000 after purchasing an additional 8,300 shares during the period. 71.79% of the stock is owned by hedge funds and other institutional investors.

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.