Royal Bank Of Canada Raises Medical Properties Trust (NYSE:MPT) Price Target to $5.00

Medical Properties Trust (NYSE:MPT) had its price target upped by equities researchers at Royal Bank Of Canada from $4.50 to $5.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 10.23% from the stock’s previous close.

Other analysts have also issued research reports about the company. Weiss Ratings assumed coverage on Medical Properties Trust in a research note on Tuesday, February 3rd. They set a “sell (d-)” rating on the stock. Wall Street Zen upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Maxim Group started coverage on shares of Medical Properties Trust in a report on Tuesday, February 3rd. They set a “buy” rating and a $8.00 price target for the company. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.50.

Medical Properties Trust Price Performance

Shares of MPT opened at $5.57 on Monday. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.63 and a quick ratio of 2.63. Medical Properties Trust has a 1-year low of $3.95 and a 1-year high of $6.47. The company has a market cap of $3.33 billion, a PE ratio of -12.11 and a beta of 1.39.

Medical Properties Trust (NYSE:MPT) last posted its earnings results on Thursday, February 19th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $270.34 million during the quarter. Medical Properties Trust had a negative net margin of 28.50% and a negative return on equity of 5.87%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share.

About Medical Properties Trust

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.