The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $21.85 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 $2.39 million.
As published in a research note from BofA Securities on November 14, 2022, Medical Properties Trust Inc. [MPW] has been rated up from a Neutral to a Buy and the price target has been revised to $16 from $13. This represents a 30.37% premium over Thursday’s closing price. Analysts at Credit Suisse downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of June 22, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for MPW. Earlier on April 22, 2022, Jefferies downgraded its rating. Their new recommendation was “a Hold” for MPW stock which previously was a “a Buy”.
Analyzing MPW Stock Performance
On Thursday, Medical Properties Trust Inc. [NYSE: MPW] plunged -8.69% to $11.14. The stock’s lowest price that day was $11.02, but it reached a high of $12.19 in the same session. During the last five days, there has been a drop of approximately -15.09%. Shares of the company reached a 52-week high of $14.00 on 01/24/23 and a 52-week low of $11.02 on 02/23/23. A 50-day SMA is recorded $12.28, while a 200-day SMA reached $13.91. Nevertheless, trading volume fell to 29.37 million shares from 12.39 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 10.71, which, if violated, would cause prices to drop to 10.28. In the upper region, resistance lies at 11.88. The next price resistance is at 12.62. RSI (Relative Strength Index) is 35.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 94.34%, indicating bearish price movement. Stochastics %K at holding 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 steep in short interest on Jan 30, 2023 dropping by -1.36 million shares to 102.7 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 104.06 million shares. A decline of -1.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.3 of the overall float, the days-to-cover ratio (short ratio) decline to 8.3.
Which companies own the most shares of Medical Properties Trust Inc. (MPW)?
According to The Vanguard Group, Inc. filings, the company currently owns 86,749,227 shares, which is about 14.51% of the total MPW shares outstanding. The investor’s shares have appreciated by 610,962 from its previous 13-F filing of 86138265.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $766,157,548. SSgA Funds Management, Inc. acquire a 2.69% interest valued at $471.51 million while Principal Global Investors LLC purchased a 2,330,812 stake. A total of 675,235 shares of Medical Properties Trust Inc. were bought by Newton Investment Management Nort during the quarter, and 348,998 were bought by CenterSquare Investment Managemen. In its current portfolio, Geode Capital Management LLC holds 10,429,502 shares valued at $135.06 million.
In terms of Medical Properties Trust Inc. share price expectations, FactSet research, analysts set an average price target of $15.50 in the next 12 months, up nearly 35.25% from the previous closing price of $12.20. Analysts anticipate Medical Properties Trust Inc. stock to reach $18.00 by 2023, with the lowest price target being $10.00. In spite of this, 13 analysts ranked Medical Properties Trust Inc. stock as an Overweight at the end of 2023. On March 11, 2022, BofA Securities assigned a price target of “a Neutral” to the stock and downgraded coverage with a $21.