Medical Properties Trust Inc (NYSE: MPW) stock jumped 0.44% on Friday to $4.61 against a previous-day closing price of $4.59. With 8.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 14.35 million shares. During the session, the REIT – Healthcare Facilities company that operates in wider Real Estate sector, reached to the highest price of $4.6979 whereas the lowest price it dropped to was $4.5300. The 52-week range on MPW shows that it touched its highest point at $14.00 and its lowest point at $4.04 during that stretch. It currently has a 1-year price target of $7.30. With its current market cap of 2.76 billion, MPW has annualized dividend of $0.94 while the current yield stands at 20.39%. Beta for the stock currently stands at 1.12.
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 8.73%, but this was down by -0.65% over a month. Three-month performance dropped to -34.24% while six-month performance fell -39.97%. The stock lost -62.52% in the past year, while it has lost -58.62% so far this year. A look at the trailing 12-month EPS for MPW yields -0.06 with Next year EPS estimates of 0.87. For the next quarter, that number is 0.20. This implies an EPS growth rate of -74.55% for this year and 126.71% for next year. EPS is expected to decline by -9.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.91%.
Float and Shares Shorts:
At present, 597.48 million MPW shares are outstanding with a float of 589.12 million shares on hand for trading. On Oct 30, 2023, short shares totaled 133.92 million, which was 22.38% higher than short shares on Sep 28, 2023. In addition to Mr. Edward K. Aldag Jr. as the firm’s Founder, Chairman, President & CEO, Mr. R. Steven Hamner CPA serves as its Founder, Executive VP, CFO & Director.
Through their ownership of 78.40% of MPW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.70% of MPW, in contrast to 33.87% held by mutual funds. Shares owned by individuals account for 2.04%. As the largest shareholder in MPW with 14.28% of the stake, The Vanguard Group, Inc. holds 85,465,203 shares worth 85,465,203. A second-largest stockholder of MPW, BlackRock Fund Advisors, holds 57,818,435 shares, controlling over 9.66% of the firm’s shares. Cohen & Steers Capital Management is the third largest shareholder in MPW, holding 42,341,261 shares or 7.08% stake. With a 4.12% stake in MPW, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 24,662,621 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.13% of MPW stock, is the second-largest Mutual Fund holder. It holds 18,722,574 shares valued at 89.49 million. iShares Core S&P Mid Cap ETF holds 3.09% of the stake in MPW, owning 18,479,761 shares worth 88.33 million.
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 $15.00 and a low target of $4.00, the average target price over the next 12 months is $7.30. Based on these targets, MPW could surge 225.38% to reach the target high and fall by -13.23% to reach the target low. Reaching the average price target will result in a growth of 58.35% from current levels.
Summary of Insider Activity:
Insiders traded MPW stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 209,864 shares were bought while 0 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 1,973,999 while 91,707 shares were sold.