Stock Track | Medical Properties Trust Plunges 5% After BofA Price Target Cut

Stock Track11-12

Shares of Medical Properties Trust (MPW) fell sharply on Friday, declining over 5% after analysts at Bank of America lowered their price target on the healthcare real estate investment trust.

BofA analyst Joshua Dennerlein cut the firm's price objective on MPW to $3 from $3.50 while reiterating an Underperform rating on the stock. The reduced target reflects a more cautious view on the company's growth prospects and ability to maintain its dividend payout.

The downgrade weighed on investor sentiment, with MPW plummeting as much as 5.09% to an intraday low of $3.85 per share. The sell-off reflects concerns over MPW's valuation and outlook amid a challenging environment for healthcare REITs.

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