Medical Properties Trust (MPW) has risen sharply, recording gains of 2.25% in the past 4 weeks. However, the stock has corrected -0.26% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.21% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.69% and the 50-Day Moving Average is 1.56%. Medical Properties Trust (NYSE:MPW): stock turned positive on Friday. Though the stock opened at $15.36, the bulls momentum made the stock top out at $15.71 level for the day. The stock recorded a low of $15.27 and closed the trading day at $15.42, in the green by 0.78%. The total traded volume for the day was 1,435,958. The stock had closed at $15.3 in the previous days trading.
The company Insiders own 1.55% of Medical Properties Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5% . Institutional Investors own 81.11% of Medical Properties Trust shares. During last six month period, the net percent change held by insiders has seen a change of -14.98%. Also, Deutsche Bank initiates coverage on Medical Properties Trust (NYSE:MPW). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on July 22, 2016.
Medical Properties Trust, Inc. is a self-advised real estate investment trust (REIT) focused on investing in and owning net-leased healthcare facilities. The Company conducts all of its business through MPT Operating Partnership, L.P. It acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases. It also makes mortgage loans to healthcare operators collateralized by their real estate assets. The Companys portfolio consists of 138 properties, which include 117 facilities (of the 130 facilities that the Company owns) leased to 27 tenants, 13 under development and the remaining assets in the form of mortgage loans to three operators. The Companys facilities consist of 73 general acute care hospitals, 23 long-term acute care hospitals, 33 inpatient rehabilitation hospitals, three medical office buildings and six wellness centers.