Medical Properties Trust Inc. (NYSE: MPW) stock jumped 1.02% on Tuesday to $7.90 against a previous-day closing price of $7.82. With 14.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 16.31 million shares. During the session, the REIT – Healthcare Facilities company that operates in wider Real Estate sector, reached to the highest price of $8.16 whereas the lowest price it dropped to was $7.87. The 52-week range on MPW shows that it touched its highest point at $18.92 and its lowest point at $7.10 during that stretch. It currently has a 1-year price target of $11.62. With its current market cap of 4.79 billion, MPW has annualized dividend of $1.16 while the current yield stands at 14.68%. Beta for the stock currently stands at 0.99.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MPW was up-trending over the past week, with a rise of 8.82%, but this was down by -3.19% over a month. Three-month performance dropped to -35.25% while six-month performance fell -36.14%. The stock lost -56.28% in the past year, while it has lost -29.08% so far this year. A look at the trailing 12-month EPS for MPW yields 0.50 with Next year EPS estimates of 1.04. For the next quarter, that number is 0.26. This implies an EPS growth rate of 35.80% for this year and 24.34% for next year. EPS is expected to decline by -1.16% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.80%.
Float and Shares Shorts:
At present, 598.30 million MPW shares are outstanding with a float of 592.64 million shares on hand for trading. On Apr 27, 2023, short shares totaled 111.59 million, which was 18.65% higher than short shares on Mar 30, 2023. In addition to Mr. Edward K. Aldag Jr. as the firm’s Founder, Chairman, Pres & CEO, Mr. Emmett E. McLean serves as its Founder, Exec. VP, COO & Sec.
Through their ownership of 84.62% of MPW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.40% of MPW, in contrast to 36.53% held by mutual funds. Shares owned by individuals account for 2.02%. As the largest shareholder in MPW with 14.50% of the stake, The Vanguard Group, Inc. holds 86,749,227 shares worth 86,749,227. A second-largest stockholder of MPW, BlackRock Fund Advisors, holds 58,826,704 shares, controlling over 9.83% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in MPW, holding 36,409,732 shares or 6.09% stake. With a 4.40% stake in MPW, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 26,344,607 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.12% of MPW stock, is the second-largest Mutual Fund holder. It holds 18,691,401 shares valued at 163.92 million. Vanguard Total Stock Market ETF holds 3.09% of the stake in MPW, owning 18,506,474 shares worth 162.3 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, MPW reported revenue of $400.23M and operating income of $255.90M. The EBITDA in the recently reported quarter was $356.43M and diluted EPS was $0.32.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MPW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MPW analysts setting a high price target of $18.00 and a low target of $8.00, the average target price over the next 12 months is $11.50. Based on these targets, MPW could surge 127.85% to reach the target high and rise by 1.27% to reach the target low. Reaching the average price target will result in a growth of 45.57% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded MPW stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 496 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 2,067,660 while 506,443 shares were sold.