Savvy Trades and Investments

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MPW -1.37 to 18.95, after a downgrade by Jefferies -

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Medical Properties Trust downgraded to Hold at Jefferies on slowing growth

As previously reported, Jefferies analyst Jonathan Petersen downgraded Medical Properties Trust to Hold from Buy with a price target of $20, down from $25. He forecasts FFO growth to slow to a 2.8% compound annual growth rate through FY24 from the 8.7% CAGR achieved in the past three years, largely driven by lower net acquisition volumes, Petersen tells investors. The analyst, who notes that Medical Properties shares historically underperform in a rising rate environment, also sees possible downside catalysts from the Prime purchase option and continued headline risk from Steward.