Medical Properties Trust Inc (NYSE:MPW) shares traded -0.20% lower at $4.92 on Wall Street last session.
MPW stock price is now 3.62% away from the 50-day moving average and 9.60% away from the 200-day moving average. The market capitalization of the company currently stands at $2.95B.
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With the price target maintained at $4, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Medical Properties Trust Inc (NYSE: MPW). On April 17, 2024, Deutsche Bank Upgraded its previous ‘Sell’ rating to ‘Hold’ on the stock keeping its target price maintained at $5, while ‘Colliers Securities’ rates the stock as ‘Neutral’
In other news, Pitman Elizabeth N, Director sold 10,025 shares of the company’s stock on Aug 15 ’24. The stock was sold for $49,925 at an average price of $4.98. Upon completion of the transaction, the Director now directly owns 68,653 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Director Pitman Elizabeth N bought 10,025 shares of the business’s stock. A total of $49,122 was incurred on buying the stock at an average price of $4.90. A total of 1.97% of the company’s stock is owned by insiders.
During the past 12 months, Medical Properties Trust Inc has had a low of $2.92 and a high of $7.73. The fifty day moving average price for MPW is $4.7338 and a two-hundred day moving average price translates $4.4897 for the stock.
The latest earnings results from Medical Properties Trust Inc (NYSE: MPW) was released for 2024-06-30. The net profit margin was -241.64% and return on equity was -24.06% for MPW. The company reported revenue of $266.56 million for the quarter, compared to $337.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.99 percent.
Medical Properties Trust Inc(MPW) 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. Since the end of the third quarter, the Company has sold four facilities and now owns approximately 43,000 licensed beds in nine countries across three continents. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
