Why Medical Properties Trust Inc. (MPW) Is Skyrocketing

We recently published a list of 10 Firms End 2024 Stronger With Impressive Gains. In this article, we are going to take a look at where Medical Properties Trust Inc. (NYSE:MPW) stands against other firms end 2024 stronger with impressive gains.

A lackluster trading persisted throughout the last day of the year, with Wall Street’s main indices ending the day mixed.

The Dow Jones Industrial Average dipped by 0.07 percent, the S&P 500 shed 0.43 percent, and the Nasdaq Composite declined by 0.90 percent. Meanwhile, NYSE Composite inched up by 0.10 percent and S&P Composite rose by 0.44 percent.

Despite the lack of catalysts to spark trading, 10 companies–predominantly in the biopharmaceuticals sector–posted impressive gains. Let’s explore the reasons behind their outstanding performance.

To come up with Monday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A real estate CEO pointing to a hospital facility on a financial chart.

Medical Properties Trust Inc. (NYSE:MPW)

Shares in Medical Properties (NYSE:MPW) grew by 6.18 percent on Wednesday, ending 2024 higher at $3.95 each. However, year-to-date shares marked a 22 percent decline from $5.06 apiece.

According to analysts, the upcoming release of the company’s earnings sparked investor appetite, with net sales expected to more than triple to $217.15 million and full-year revenues at $980.85 million.

In terms of valuation, Medical Properties (MPW) is currently trading at a Forward P/E ratio of 4.84 which indicates a discount as compared with the average Forward P/E of 11.8 of its industry.

Medical Properties (MPW) is an American real estate investment trust company that mainly invests in healthcare facilities subject to NNN leases.

Overall, MPW ranks 4th on our list of firms end 2024 stronger with impressive gains. While we acknowledge the potential of MPW as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MPW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. This article is originally published at Insider Monkey.