As published in a research note from Exane BNP Paribas on March 01, 2024, Medical Properties Trust Inc [MPW] has been rated up from a Neutral to an Outperform and the price target has been revised to $6. Analysts at Deutsche Bank started covering the stock with ‘”a Sell”‘ outlook in a report released in late January. As of January 05, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for MPW. Earlier on November 10, 2023, Stifel downgraded its rating. Their new recommendation was “a Hold” for MPW stock which previously was a “a Buy”.
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Analyzing MPW Stock Performance
During the last five days, there has been a surge of approximately 11.06%. Over the course of the year, Medical Properties Trust Inc shares have dropped approximately -3.87%. Shares of the company reached a 52-week high of $5.16 on 01/02/24 and a 52-week low of $2.92 on 01/19/24. A 50-day SMA is recorded $3.79, while a 200-day SMA reached $5.85. Nevertheless, trading volume fell to 41.78 million shares from 10.66 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 4.22, which, if violated, would cause prices to drop to 3.73. In the upper region, resistance lies at 5.00. The next price resistance is at 5.29. RSI (Relative Strength Index) is 63.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 8.14%, indicating bullish 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 Feb 29, 2024 dropping by -8.88 million shares to 196.12 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 205.0 million shares. A decline of -4.53% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.84 of the overall float, the days-to-cover ratio (short ratio) decline to 9.84.
