Market Overview

UPDATE: JP Morgan Upgrades Medical Properties Trust to Neutral on Dividend Yield

Related MPW
Top 4 Small-Cap Stocks In The REIT-Healthcare Facilities Industry With The Highest Cash
Medical Properties Trust Increases Quarterly Dividend 5% to 21 Cents Per Share

JP Morgan upgraded Medical Properties Trust (NYSE: 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.

Posted-In: JP MorganAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Most Popular

Related Articles (MPW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters