Royal Bank Of Canada Forecasts Strong Price Appreciation for Medical Properties Trust (NYSE:MPT) Stock

Medical Properties Trust (NYSE:MPT) had its price target lifted by analysts at Royal Bank Of Canada from $4.50 to $5.00 in a report released on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential downside of 12.13% from the company’s previous close.

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

Medical Properties Trust Price Performance

Shares of MPT stock traded down $0.07 during trading hours on Monday, reaching $5.69. The company’s stock had a trading volume of 1,589,003 shares, compared to its average volume of 6,687,092. The firm has a market cap of $3.42 billion, a P/E ratio of -12.37 and a beta of 1.43. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.63 and a current ratio of 2.63. Medical Properties Trust has a one year low of $3.95 and a one year high of $6.47.

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

Medical Properties Trust Company Profile

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.