MPW Stock Recent News
MPW LATEST HEADLINES
The Fed is expected to cut interest rates later this month. This should greatly benefit REITs. Here are 2 REITs that we expect to surge in value as rates are cut.
I'm upgrading MPW stock to a "Buy" today due to potential bullish catalysts, high short interest (39%), and stock price consolidation indicating possible significant upward movement. Q2 2024 results showed mixed performance: GAAP net loss of -$0.54/share, normalized FFO of $0.23/share, and revenue beat expectations by over 5%. A potential recovery of some past write-downs could positively impact financials in the second half of 2024, in my view.
Medical Properties (MPW) closed at $4.89 in the latest trading session, marking a +1.88% move from the prior day.
Medical Properties (MPW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Medical Properties Trust has agreed to take over ownership of several Steward-operated hospitals. The agreement will pave the way for the REIT to find permanent operators.
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Medical Properties (MPW) and Omega Healthcare Investors (OHI). But which of these two stocks is more attractive to value investors?
Despite the rough ride investors have been on with MPW, the stock represents an attractive opportunity on a go-forward basis. The majority of MPW's tenants pay their rent on time, resulting in acceptable cash flows even in the current earnings trough. Steward is on the way out, and the related problem properties will be re-leased to higher quality tenants, or sold, improving cash flows further.
In the most recent trading session, Medical Properties (MPW) closed at $4.50, indicating a +1.58% shift from the previous trading day.
MPW, OPRA and FFBC made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 30, 2024.
Medical Properties Trust continues to be plagued by the issues facing its top tenant. The REIT is working to exit that relationship.