Royal Bank Of Canada Cuts Medical Properties Trust (NYSE:MPT) Price Target to $4.50

Medical Properties Trust (NYSE:MPT) had its price objective cut by stock analysts at Royal Bank Of Canada from $5.00 to $4.50 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 3.02% from the company’s previous close.

Separately, Weiss Ratings downgraded Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Reduce” and an average target price of $4.50.

Medical Properties Trust Price Performance

Shares of MPT stock traded down $0.10 during trading hours on Thursday, hitting $4.64. The company had a trading volume of 794,716 shares, compared to its average volume of 6,089,599. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 2.13. The business’s fifty day moving average is $5.05. Medical Properties Trust has a fifty-two week low of $3.95 and a fifty-two week high of $6.47. The firm has a market capitalization of $2.78 billion, a PE ratio of -22.10 and a beta of 1.41.

Medical Properties Trust (NYSE:MPT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The firm had revenue of $252.07 million during the quarter, compared to analyst estimates of $252.59 million. Medical Properties Trust had a negative net margin of 12.59% and a negative return on equity of 2.70%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities analysts forecast that Medical Properties Trust will post 0.65 earnings per share for the current year.

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.