Medical Properties Trust Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

January 14, 2022 10:23:34

Shares of Medical Properties Trust Inc. (NYSE:MPW) traded at a new 52-week high today of $23.89. This new high was reached on below average trading volume as 724,000 shares traded hands, while the average 30-day volume is approximately 4.1 million shares.

Over the past year, Medical Properties Trust Inc. has traded in a range of $19.39 to $23.89 and is now at $23.85, 23% 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.

Based on a current price of $23.85, Medical Properties Trust Inc. is currently 16.1% above its average consensus analyst price target of $20.01.

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