Cohen & Steers Capital Management recently announced the acquisition of new stake in Medical Properties Trust Inc. (NYSE:MPW). The institutional investor has increased its shareholding in the Real Estate company by 6,808.97% to 46.12 million shares with purchase of 45.45 million shares. This fresh investment now brings its stake to 7.71% valued currently at $332.99 million. In addition, Geode Capital Management LLC raised its holdings by 0.22 million to 11.7 million shares. And CenterSquare Investment Managemen has lifted its position by 0.04% or 4047.0 shares – to 11.06 million shares.
With over 21.05 million Medical Properties Trust Inc. (MPW) shares trading Friday and a closing price of $6.36 on the day, the dollar volume was approximately $133.86 million. The shares have shown a negative half year performance of -20.60% and its price on 09/15/23 lost nearly -3.34%. Currently, there are 598.34M common shares owned by the public and among those 590.74M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for MPW have a consensus price objective of $9.10. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $7.00. The average price target is 35.1% above its recent price level and an upside to the estimated low will see the stock gain 9.14% over that period. But an upside of 47.0% will see the stock hit the forecast high price target while median target price for the stock is $9.50.
Insiders at the company have transacted a total of 45 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 481,645 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 519,027 shares.
The top 3 mutual fund holders in Medical Properties Trust Inc. are Vanguard Real Estate Index Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF. Vanguard Real Estate Index Fund owns 25.0 million shares of the company’s stock, all valued at over $180.46 million. The company sold -0.23 million shares recently to bring their total holdings to about 4.18% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 6830.0 shares to see its total holdings expand to 19.31 million shares valued at over $139.45 million and representing 3.23% of the shares outstanding. Vanguard Total Stock Market ETF sold 1535.0 shares to bring its total holdings to over 18.64 million shares at a value of $134.56 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.12% of the shares outstanding.
Shares of Medical Properties Trust Inc. (NYSE: MPW) opened at $6.49, down -$0.09 from a prior closing price of $6.58. However, the script later moved the day high at 6.51, down -3.34%. The company’s stock has a 5-day price change of -4.22% and -30.26% over the past three months. MPW shares are trading -42.91% year to date (YTD), with the 12-month market performance down to -53.88% lower. It has a 12-month low price of $6.31 and touched a high of $14.04 over the same period. MPW has an average intraday trading volume of 11.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.56%, -25.13%, and -34.33% respectively.
Institutional ownership of Medical Properties Trust Inc. (NYSE: MPW) shares accounts for 84.10% of the company’s 598.34M shares outstanding. Mutual fund holders own 34.51%, while other institutional holders and individual stakeholders account for 44.66% and 2.05% respectively.
It has a market capitalization of $3.94B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 54.36, while the earnings-per-share (ttm) stands at $0.12. The company has a debt-to-equity ratio at 1.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.37% over the week and 4.47% over the month.
Analysts forecast that Medical Properties Trust Inc. (MPW) will achieve an EPS of $0.19 for the current quarter, $0.18 for the next quarter and $0.85 for 2024. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was $0.37 a year ago. Earnings per share for the fiscal year are expected to increase by 35.80%, and 140.17% over the next financial year. EPS should shrink at an annualized rate of -9.40% over the next five years, compared to 12.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Medical Properties Trust Inc. (MPW) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 5 of the 12 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the MPW, a number of firms have released research notes about the stock. Mizuho stated their Neutral rating for the stock in a research note on August 31, 2023, with the firm’s price target at $18-$9.