Medical Properties Trust Now Covered by Analysts at JPMorgan Chase & Co. (MPW)
JPMorgan Chase & Co. began coverage on shares of Medical Properties Trust (NYSE:MPW) in a research note issued on Monday, Analyst RN reports. The firm set a “neutral” rating on the stock.
Medical Properties Trust (NYSE:MPW) traded up 2.24% on Monday, hitting $12.34. 919,272 shares of the company’s stock traded hands. Medical Properties Trust has a 52-week low of $10.75 and a 52-week high of $17.73. The stock’s 50-day moving average is $12.16 and its 200-day moving average is $14.55. The company has a market cap of $1.845 billion and a price-to-earnings ratio of 15.24.
Medical Properties Trust (NYSE:MPW) last released its earnings data on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.01. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $60.31 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis.
A number of other analysts have also recently weighed in on MPW. Analysts at Jefferies Group cut their price target on shares of Medical Properties Trust from $15.00 to $12.50 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Medical Properties Trust in a research note to investors on Tuesday, September 10th. They set a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Medical Properties Trust from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. They now have a $12.90 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.85.
Medical Properties Trust, Inc is a self-advised real estate investment trust (NYSE:MPW) focused on investing in and owning net-leased healthcare facilities.
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