Medical Properties Trust (MPW) PT Raised to $26 at Mizuho Securities

December 26, 2019 7:10 AM EST
Get Alerts MPW Hot Sheet
Price: $20.07 -1.91%

Rating Summary:
    13 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Mizuho Securities analyst Omotayo Okusanya raised the price target on Medical Properties Trust (NYSE: MPW) to $26.00 (from $25.00) while maintaining a Buy rating.

The analyst comments "MPW dropped off a nice Christmas present to investors by announcing a $2.0B UK hospital portfolio transaction at a very attractive cap rate (8.9% GAAP) and attractive EBITDAR rent coverage (2.0x). We think there's more to come given the $5.0B acquisition pipeline as at 09/30. We are raising our estimates and PT given this deal came faster than we expected, and is bigger than we expected."

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