UPDATE: Jefferies Raises PT to $13 on Medical Properties Trust Following Q4 Report
Jefferies maintained Medical Properties Trust (NYSE: MPW) with a Hold rating and raised the price target from $12.00 to $13.00.
Jefferies noted, "While management provided $1.10 FFO/sh guidance for 2013, we still see several avenues for earnings upside. We like the growth (20% yoy FFO/sh growth) and dividend yield (5.9%) aspects of the MPW story and are raising our PT to $13, from $12. We maintain our HOLD rating based on 1) headline and earnings risk associated with sequestration and 2) valuation given MPW is trading at an implied cap of 6.9% or a 50% premium to NAV."
Medical Properties Trust closed at $13.66 on Monday.
Latest Ratings for MPW
|Jul 2016||Deutsche Bank||Initiates Coverage on||Buy|
|Jul 2016||JMP Securities||Downgrades||Market Outperform||Market Perform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.