Colliers Securities upgraded Medical Properties Trust, Inc. (NYSE:MPW) stock to a Buy rating and announced a $6.5 price target.
Also, Truist Securities analyst Michael Lewis raised its price target from $5 to $6 while maintaining the Hold rating.
On Wednesday, the medical REIT disclosed a global settlement with tenant Steward Health Care System, its secured lenders, and the Unsecured Creditors Committee.
The settlement covers 23 hospitals previously managed by Steward, with 15 hospitals in Arizona, Florida, Louisiana, Ohio, and Texas already leased to new tenants.
Medical Properties Trust anticipates receiving annual cash rental payments of about $160 million from the new leases, based on a $2 billion lease base, upon stabilization in the fourth quarter of 2026.
The analyst writes that they are adjusting the FFO estimates ...
