Medical Properties Trust (NYSE:MPW) Downgraded to Neutral at BNP Paribas

Medical Properties Trust (NYSE:MPW – Get Free Report) was downgraded by BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, FinViz reports. They currently have a $4.00 price target on the real estate investment trust’s shares. The BNP Paribas price target indicates a potential downside of 2.32% from the stock’s previous close.

MPW has been the subject of several other reports. StockNews.com lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 18. Deutsche Bank Aktiengesellschaft raised Medical Properties Trust from a “sell” rating to a “hold” rating and raised their price target for the company from $2.00 to $5.00 in a research note on Wednesday, April 17. Colliers Securities lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $4.25 in a research report on Wednesday, April 10. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $5.00 price target on shares of Medical Properties Trust in a research report on Tuesday, May 14. Finally, Truist Financial raised their price target on Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Thursday, May 30. Five analysts have rated the stock a “sell,” eight have given a “hold” rating, and one has given a “buy” rating. According to MarketBeat, the stock currently has an average rating of “hold” and an average price target of $5.61.

Read our latest report on Medical Properties Trust

Medical Properties Trust shares fall 5.0%

Shares of NYSE:MPW opened at $4.10 on Tuesday. The company has a market cap of $2.46 billion, a P/E ratio of -1.84, a P/E/G ratio of 0.62 and a beta of 1.27. The company has a current ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.51. The medical properties trust has a 12 month low of $2.92 and a 12 month high of $10.74. The company has a 50 day moving average of $4.92 and a 200 day moving average of $4.37.

Institutional Medical Real Estate Trading Trust

Hedge funds and other institutional investors have recently added to or reduced their holdings in the stock. Alpine Global Management LLC bought a new stake in Medical Properties Trust in the third quarter worth about $273,000. AQR Capital Management LLC increased its position in shares of Medical Properties Trust by 125.3% in the third quarter. AQR Capital Management LLC now owns 2,261,451 shares of the real estate investment trust worth $12,325,000 after acquiring an additional 1,257,921 shares in the last quarter. Legal & General Group Plc increased its position in shares of Medical Properties Trust by 0.3% in the third quarter. Legal & General Group Plc now owns 4,852,620 shares of the real estate investment trust worth $26,447,000 after acquiring an additional 13,585 shares in the last quarter. KPP Advisory Services LLC bought a new stake in Medical Properties Trust in the third quarter worth approximately $172,000. Finally, Penserra Capital Management LLC increased its holdings in Medical Properties Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 74,367 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 9,381 shares during the period. Institutional investors own 71.79% of the outstanding shares.

Medical Properties Trust Company Profile

(Download the free report)

Medical Properties Trust, Inc. is a standalone real estate investment trust formed in 2003 for the purpose of acquiring and developing net leased hospital properties. Since its inception in Birmingham, Alabama, the company has grown to become one of the largest hospital property owners in the world, with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.

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