Royal Bank Of Canada Has Lowered Expectations for Medical Properties Trust (NYSE:MPT) Stock Price

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

Separately, Weiss Ratings downgraded shares of Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $4.50.

Medical Properties Trust Stock Down 2.1%

Shares of MPT stock traded down $0.10 during trading hours on Thursday, hitting $4.64. 794,716 shares of the company’s stock were exchanged, compared to its average volume of 6,089,599. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -22.10 and a beta of 1.41. Medical Properties Trust has a fifty-two week low of $3.95 and a fifty-two week high of $6.47. The business’s 50 day moving average price is $5.05. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 2.13.

Medical Properties Trust (NYSE:MPT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The company had revenue of $252.07 million during the quarter, compared to analysts’ expectations of $252.59 million. Medical Properties Trust had a negative net margin of 12.59% and a negative return on equity of 2.70%. Medical Properties Trust’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. On average, equities analysts forecast that Medical Properties Trust will post 0.65 earnings per share for the current fiscal 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.