Shares of Medical Properties Trust Inc. (NYSE:MPW) traded at a new 52-week high today of $22.83. Approximately 338,000 shares have changed hands today, as compared to an average 30-day volume of 3.9 million shares.
Medical Properties Trust Inc. (NYSE:MPW) defies analysts with a current price ($22.77) 15.7% above its average consensus price target of $19.20.
Over the past year, Medical Properties Trust Inc. has traded in a range of $19.39 to $22.83 and is now at $22.77, 17% above that low.
Medical Properties Trust Inc is a healthcare facility REIT. The company operates one segment, which owns and leases healthcare facilities. The vast majority of Medical’s revenue is generated in the United States, followed by Germany and the United Kingdom. The company considers merger and acquisition investment as a component of its operational growth strategy. It provides financing for a variety of facilities that require funds for acquisitions, sale-leasebacks, new developments, and expansion projects.
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