Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Medical Properties Trust Inc. shares valued at $5,996,400 were sold by HAMNER R STEVEN on Apr 07. At $21.04 per share, HAMNER R STEVEN sold 285,000 shares. The insider’s holdings dropped to 1,961,214 shares worth approximately $25.32 million following the completion of this transaction.
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Also, Aldag Edward K JR sold 615,000 shares, netting a total of over 13,117,950 in proceeds. Following the sale of shares at $21.33 each, the insider now holds 3,497,206 shares.
Before that, Stewart Michael G had sold 6,000 shares from its account. In a trade valued at $121,560, the Director traded Medical Properties Trust Inc. shares for $20.26 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $2.77 million.
As published in a research note from Credit Suisse on July 14, 2022, Medical Properties Trust Inc. [MPW] has been rated down from an Outperform to a Neutral and the price target has been revised to $17 from $23. This represents a 24.06% premium over Thursday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of April 22, 2022, Jefferies has decreased its “Buy” rating to a “Hold” for MPW. Earlier on March 11, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for MPW stock which previously was a “a Buy”.
Analyzing MPW’s Price Performance
On Thursday, Medical Properties Trust Inc. [NYSE: MPW] plunged -0.54% to $12.91. The stock’s lowest price that day was $12.67, but it reached a high of $13.05 in the same session. During the last five days, there has been a drop of approximately -5.70%. Over the course of the year, Medical Properties Trust Inc. shares have dropped approximately -45.37%. Shares of the company reached a 52-week high of $24.13 on 01/14/22 and a 52-week low of $12.67 on 09/22/22. A 50-day SMA is recorded $15.45, while a 200-day SMA reached $18.77. Nevertheless, trading volume fell to 17.16 million shares from 11.18 million shares the previous day.
Support And Resistance Levels for Medical Properties Trust Inc. (MPW)
According to the 24-hour chart, there is a support level at 12.70, which, if violated, would cause prices to drop to 12.50. In the upper region, resistance lies at 13.08. The next price resistance is at 13.26. RSI (Relative Strength Index) is 25.55 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 90.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Medical Properties Trust Inc. subject to short interest?
Stocks of Medical Properties Trust Inc. saw a sharp rise in short interest on Aug 30, 2022 jumping by 7.32 million shares to 49.76 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 42.44 million shares. A jump of 14.71% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.41 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.41.
Which companies own the most shares of Medical Properties Trust Inc. (MPW)?
According to The Vanguard Group, Inc. filings, the company currently owns 85,610,211 shares, which is about 14.29% of the total MPW shares outstanding. The investor’s shares have plunged by -122,446 from its previous 13-F filing of 85732657.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $830,955,409. SSgA Funds Management, Inc. reduced a -1.82% interest valued at $518.66 million while Wellington Management Co. LLP sold a -78,433 stake. A total of -922,642 shares of Medical Properties Trust Inc. were sold by Principal Global Investors LLC during the quarter, and -41,027 were sold by Geode Capital Management LLC. In its current portfolio, CenterSquare Investment Managemen holds 9,640,503 shares valued at $140.85 million.
In terms of Medical Properties Trust Inc. share price expectations, FactSet research, analysts set an average price target of $18.20 in the next 12 months, up nearly 38.67% from the previous closing price of $12.98. Analysts anticipate Medical Properties Trust Inc. stock to reach $23.00 by 2022, with the lowest price target being $15.00. In spite of this, 15 analysts ranked Medical Properties Trust Inc. stock as an Overweight at the end of 2022.