Loading...
Loading...
JP Morgan upgraded Medical Properties Trust
MPW from Underperform to Neutral and raiseed the price target from $12.00 to $13.00.
JP Morgan said, "While the stock trades at a notable premium to its implied cap rate, the stock does offer one of the highest dividend yields in the REIT sector (6%+) that we finally believe will be well covered in 2013. This yield should be attractive to income-oriented investors. From a fundamental perspective, the company has also made significant headway over the course of the past couple of years in terms of finding consistent deal flow which has been driving earnings higher."
Medical Properties Trust closed at $12.78 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in