Medical Properties Trust price target lowered to $4.50 from $5 at RBC Capital

RBC Capital lowered the firm’s price target on Medical Properties Trust (MPW) to $4.50 from $5 and keeps a Sector Perform rating on the shares. The stock will likely remain volatile going forward given the uncertainty regarding a few ongoing tenant situations, the ability to monetize non-revenue generating assets, and the elevated leverage metrics, the analyst tells investors in a research note. RBC adds that it is lowering its estimates to mainly reflect the recent JV debt refinancing and higher operating expense leakage.