Deutsche Bank Starts Medical Properties Trust (MPW) at Buy

Deutsche Bank initiates coverage on Medical Properties Trust (NYSE: MPW) with a Buy rating and a price target of $17. Analyst Vin Chao sees long-term hospital opportunity and attractive relative value.

"We believe MPW represents an attractive long-term consolidation play in the hospital space, given its industry expertise, discounted relative value and healthy 6% dividend. We think the institutionalization of the hospital real estate market is poised to accelerate, driven by positive industry trends, increased comfort with the sale/leaseback model, not-for-profit to for-profit conversions, and managed care consolidation that could spur additional hospital consolidation activity. As the only pure play in the hospital space, we believe MPW stands to benefit the most from these positive trends. With a 15% total expected return, including a 6% dividend yield, we are initiating with a Buy," said the analyst.

For an analyst ratings summary and ratings history on Medical Properties Trust click here. For more ratings news on Medical Properties Trust click here.

Shares of Medical Properties Trust closed at $15.69 yesterday.

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