BlackRock Fund Advisors 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 1.26% to 57.82 million shares with purchase of 0.72 million shares. This fresh investment now brings its stake to 9.65% valued currently at $280.42 million. In addition, SSgA Funds Management, Inc. raised its holdings by 35840.0 to 33.53 million shares. And Geode Capital Management LLC has lifted its position by 2.37% or 0.28 million shares – to 11.97 million shares.
With over 14.73 million Medical Properties Trust Inc (MPW) shares trading Friday and a closing price of $4.92 on the day, the dollar volume was approximately $72.49 million. The shares have shown a negative half year performance of -45.15% and its price on 12/22/23 lost nearly -0.40%. Currently, there are 597.48M common shares owned by the public and among those 588.58M shares have been available to trade.
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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 $6.70. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $4.00. The average price target is 26.57% above its recent price level and a downside to the estimated low will see the stock lose -23.0% over that period. But an upside of 67.2% will see the stock hit the forecast high price target while median target price for the stock is $5.50.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 681,509 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 529,477 shares.
The top 3 mutual fund holders in Medical Properties Trust Inc are Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF. Vanguard Real Estate Index Fund owns 24.66 million shares of the company’s stock, all valued at over $119.61 million. The company sold -0.17 million shares recently to bring their total holdings to about 4.12% of the shares outstanding. Vanguard Total Stock Market ETF bought 26856.0 shares to see its total holdings expand to 18.75 million shares valued at over $90.93 million and representing 3.13% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 3275.0 shares to bring its total holdings to over 18.46 million shares at a value of $89.53 million. iShares Core S&P Mid Cap ETF now owns shares totaling to 3.08% of the shares outstanding.
Shares of Medical Properties Trust Inc (NYSE: MPW) opened at $4.97, up $0.03 from a prior closing price of $4.94. The company’s stock has a 5-day price change of -2.57% and -6.82% over the past three months. MPW shares are trading -55.83% year to date (YTD), with the 12-month market performance down to -54.23% lower. It has a 12-month low price of $4.04 and touched a high of $14.00 over the same period. MPW has an average intraday trading volume of 14.69 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 -0.08%, 1.67%, and -32.10% respectively.
Institutional ownership of Medical Properties Trust Inc (NYSE: MPW) shares accounts for 76.74% of the company’s 597.48M shares outstanding. Mutual fund holders own 34.37%, while other institutional holders and individual stakeholders account for 42.71% and 2.14% respectively.
It has a market capitalization of $2.95B and a beta (3y monthly) value of 1.17. The earnings-per-share (ttm) stands at -$0.06. 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 4.35% over the week and 6.09% over the month.
Analysts forecast that Medical Properties Trust Inc (MPW) will achieve an EPS of $0.19 for the current quarter, $0.21 for the next quarter and $0.84 for 2024. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was -$0.24 a year ago. Earnings per share for the fiscal year are expected to decrease by -75.16%, and 125.24% over the next financial year. EPS should shrink at an annualized rate of -9.40% over the next five years, compared to 12.91% 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 “Hold” at a consensus score of 3.25. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 6 of the 12 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the MPW, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on November 10, 2023, with the firm’s price target at $12-$4.50.
