We recently compiled a list of the 10 Firms Stayed Strong Amid Market Bloodbath. In this article, we are going to take a look at where Medical Properties Trust, Inc. (NYSE:MPW) stands against the other stocks.
The stock market ended in a bloodbath on Thursday, with all major indices finishing in the red, as investors turned cautious anew over President Donald Trump’s tariff imposition on goods from more countries.
The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.
On Thursday, Trump threatened to slap EU products with a 25-percent tariff, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.
Meanwhile, ten companies defied broader market pessimism, posting strong gains during the day.
To come up with Thursday’s top gainers, we considered only the stocks with $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)
Medical Properties Trust, Inc. (NYSE:MPW) jumped by 16.98 percent on Thursday to end at $5.58 apiece as investors cheered improved earnings performance for the fourth quarter of 2024.
In a statement, Medical Properties Trust, Inc. (NYSE:MPW) said net loss attributable to shareholders narrowed by 37.8 percent to $412.8 million from $663.9 million in the fourth quarter last year, but 2024 net loss remained higher by 333 percent on a full-year basis at $2.41 billion versus $556 million in 2023.
The company also swung to a $231.8 million revenue for the quarter versus the $122 million loss in the same period a year earlier. Revenues for the full year, however, grew 14 percent to $995 million from $871 million in 2023.
“We delivered on exactly what we said we would do in 2024 by using proceeds from transactions to accelerate repayment of debt maturities. Our global real estate portfolio remains attractive to sophisticated investors, as evidenced by our recent five-and-a-half times oversubscribed secured notes transaction,” said MPW Chairman, President, and CEO Edward Aldag Jr.
“We improved the operator diversification of our portfolio and effectively addressed all debt maturities through 2026, positioning [MPW] to pursue a range of shareholder value initiatives in 2025,” he added.
Overall MPW ranks 2nd on our list of Thursday’s top gainers. While we acknowledge the potential of MPW as an investment, our conviction lies in the belief that some 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 as promising as MPW but 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.
