Medical Properties Trust (NYSE:MPW) has tumbled 1.39% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.75% in the last four weeks. The stocks have underperformed the S&P 500 by 0.21% during the past week but Medical Properties Trust (NYSE:MPW) it has outperformed the index in 4 weeks by 4.79%.
Medical Properties Trust (NYSE:MPW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.87 and $14.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.89, notching a gain of 0.40% for the day. The total traded volume was 2,644,109 . The stock had closed at $14.83 on the previous day.
The company shares have rallied 10.05% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $15.29 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $14.45 and the 200 Day Moving Average price is recorded at $12.45.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mclean Emmett E, officer (Executive Vice President & COO) of Medical Properties Trust Inc, had unloaded 50,000 shares at an average price of $14.67 in a transaction dated on June 16, 2016. The total value of the transaction was worth $733,500.
Currently 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 -11.07% . Institutional Investors own 81.17% of Medical Properties Trust shares. During last six month period, the net percent change held by insiders has seen a change of -11.07%.
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.