Jefferies Ups Price Target on Medical Properties Trust (MPW) Slightly, Acqusition Strategy Remains Strong

Jefferies is maintaining its Hold rating on shares of Medical Properties Trust (NYSE: MPW) while raising its price target from $10 to $10.50.

The firm is questioning the use of RIDEA structures to make new acquisition. Management reported that the use of RIDEA does not hurt or improve MPW's ability to win deals, but Jefferies notes the use of it increases the company's risk profile by directly exposing MPW's earnings to the complex and volatile nature of hospital operations."

Jefferies is tweaking its FY11 and FY12 FFO estimates from $0.74 and $0.91 to $0.72 and $0.90. Revenue for the two years is estimated to be $148.5 million and $171.5 million.

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 $9.99 yesterday.

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