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Tag: Medical Properties Trust Stock

  • Turning The Tide: Medical Properties (MPW) Stock Reclaims Ground After-Hours

    Turning The Tide: Medical Properties (MPW) Stock Reclaims Ground After-Hours

    During the extended trading period, Medical Properties Trust, Inc. (NASDAQ: MPW) observed a resurgence in its stock valuation, marking a notable uptick of 12.28% to attain $4.48. This rebound offset the preceding loss of 2.45% during the regular session, concluding at $3.99. The announcement of an asset divestiture and dividend disbursements served as catalysts for the post-market surge in MPW shares on the US stock charts.

    Medical Properties Trust (MPW) disclosed the sale of its stakes in five Utah-based hospitals to a recently established joint venture (JV). The formation of this JV involved an investment fund associated with a prominent multi-strategy, institutional asset manager with a significant history in real estate investments.

    Retaining an approximate 25% stake in the JV, Medical Properties conveyed about 75% to the Fund for $886 million, affirming the underwritten lease base of approximately $1.2 billion for MPT. Simultaneous to the closure of this sale, the JV secured new non-recourse financing, infusing $190 million in cash to Medical Properties, reinforcing the underwritten asset valuations.

    Collectively, these transactions generated around $1.1 billion in immediate cash proceeds for Medical Properties, prior to expenses and reserves. The anticipated utilization of these funds includes debt reduction, encompassing the full payment of the approximately $300 million Australian term loan maturing in 2024 and the repayment of borrowings under its revolving credit facility, along with meeting general corporate requirements.

    As previously disclosed, the lessee in Utah (an affiliate of CommonSpirit Health) holds the option to acquire the leased real estate at either fair market value or the approximate $1.2 billion lease base on the fifth or tenth anniversary of the 2023 master lease commencement. Medical Properties extended certain limited and conditional preferences to the Fund based on the potential exercise price of the lessee’s purchase option.

    Moreover, in a separate press release, Medical Properties declared a regular quarterly cash dividend of $0.15 per common stock share, slated for payment on May 1, 2024, to shareholders of record as of April 22, 2024.

  • Healthcare REITs top trading stocks

    Healthcare REITs top trading stocks

    Healthcare REITs are companies that own, operate, or finance healthcare-related property such as hospitals, senior living facilities, nursing homes and medical office buildings. Healthcare REITs, like other REITs, pool funds from several investors and distribute dividends.

    The medical-office sector has proven robust despite the global pandemic since healthcare is considered an essential service. Medical-offices also benefited somewhat from the suspension of unnecessary procedures in many U.S. hospitals.

    The top-trading healthcare REIT stocks were:

    CareTrust REIT Inc. (NASDAQ:CTRE) shares were trading up 3.61% at $22.95 at the time of writing on Tuesday. On December 1, 2020, the company revealed that it has extended a $15 million secured mezzanine loan to Next Healthcare, Inc. in connection with Next’s acquisition of a nine-property skilled nursing portfolio in Virginia.

    CareTrust REIT Inc. (NASDAQ:CTRE) share price went from a low point around $7.16 to briefly over $23.64 in past 52 weeks, though shares have since pulled back to $22.95. CTRE market cap has remained high, hitting $2.09B at the time of writing, giving it price-to-sales ratio of more than 10.

    If we look at the recent analyst rating CTRE, KeyBanc Capital Markets upgraded coverage on CTRE shares with an Overweight rating and a $21.50 price target, which implies room for -1.45% downside momentum this year.

    Diversified Healthcare Trust (DHC) last closed at $4.32, in a 52-week range of $2.00 to $8.93. The company on November 19, 2020 reported that U.S. News and World Report, the global authority in health care rankings, has recognized 30 communities within DHC’s Senior Housing Operating Portfolio (SHOP) segment in its annual list of “Best Nursing Homes”. Analysts have a consensus price target of $3.60.

    Physicians Realty Trust (DOC) stock soar by 2.07% to $18.25. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at a Sector weight.

    The GEO Group Inc. (NYSE:GEO) Shares headed falling, lower as much as -0.83%. The firm declared on November 23, 2020, decision by federal bureau of prisons to not rebid its contract for rivers correctional facility. The most recent rating by Noble Capital Markets, on June 29, 2020, is at an Outperform.

    Healthcare Realty Trust Incorporated (NYSE:HR) rose 2.56% after gaining more than $0.75 on Tuesday. On November 25, 2020, the company revealed the release of its second annual Corporate Responsibility Report covering Environmental, Social, and Governance (ESG) initiatives and accomplishments.

    Healthcare Trust of America Inc. (HTA) last closed at $26.72, in a 52-week range of $20.61 to $34.22. The firm on December 4, 2020 declared that its Board of Directors issued a quarterly dividend of $0.320 per share of common stock. T Analysts have a consensus price target of $29.38.

    Medical Properties Trust Inc. (MPW) stock soar by 2.64% to $21.35. On November 20, 2020, the company declared pricing of $1,300,000,000 3.500% Senior Notes Due 2031. The most recent rating by Deutsche Bank, on December 15, 2020, is at a Buy.

    Omega Healthcare Investors Inc. (NYSE:OHI) Shares headed rising, higher as much as 3.39%. The most recent rating by Wells Fargo, on December 10, 2020, is at an Overweight.

    Healthpeak Properties Inc. (NYSE:PEAK) rose 3.70% after gaining more than $1.07 on Tuesday.

    Sabra Health Care REIT Inc. (SBRA) last closed at $17.87, in a 52-week range of $5.55 to $22.55. Sabra Health Care REIT, Inc. (SBRA) on December 8, 2020 revealed the appointment of Clifton J. Porter II to its Board of Directors. Analysts have a consensus price target of $16.61.

    Ventas Inc. (VTR) stock soar by 4.41% to $49.95. The company recently reported that its Board of Directors has declared a quarterly dividend of $0.45 per common share. The most recent rating by BofA Securities, on November 30, 2020, is at a Buy.

    Welltower Inc. (NYSE:WELL) Shares headed rising, higher as much as 4.16% after issuing business update. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at an Overweight.