BofA Securities Upgrades Medical Properties Trust Stock from Neutral to Buy
Shares of Medical Properties Trust, Inc. (NYSE: MPW) were just recently upgraded by an equity research analyst at BofA Securities, which is a bullish signal for existing and potential investors in MPW stock. Here’s what you need to know about the analyst upgrade:
BofA Securities Upgrades MPW Stock
BofA Securities moved its rating on shares of MPW from neutral to buy and moved its price target on Medical Properties Trust stock from $13 to $16. The last traded price per share of MPW at the time of writing this is $12.47 which implies solid upside from here. In case you’re not very familiar with Medical Properties Trust, Inc., here’s an overview:
About Medical Properties Trust, Inc. (NYSE: MPW)
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. You can learn more on the Medical Properties Trust website here.