Medical Properties Trust (NYSE:MPT) Now Covered by Maxim Group

Analysts at Maxim Group started coverage on shares of Medical Properties Trust (NYSE:MPT) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $8.00 price target on the stock. Maxim Group’s price objective would indicate a potential upside of 54.74% from the company’s current price.

Medical Properties Trust Trading Down 0.8%

Medical Properties Trust stock traded down $0.04 during trading hours on Tuesday, hitting $5.17. The stock had a trading volume of 2,144,779 shares. Medical Properties Trust has a one year low of $5.14 and a one year high of $5.24.

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.