Deutsche Bank initiates coverage on Medical Properties Trust with a 'Buy' rating, citing its attractive long-term consolidation potential in the hospital space, discounted relative value, and a 6% dividend yield. The report highlights the potential for increased institutional ownership and hospital consolidation, driven by industry trends and the sale/leaseback model. The target price is set at $17 per share, with a 15% expected return including dividends. Key risks include interest rate sensitivity and regulatory risks.
doj/DataSet10/EFTA01389039.pdf
{"title":"Deutsche Bank Markets Research - Medical Properties Trust","key_people":["Vin Chao","Vlad Rudnitsky"],"document_date":"2016-07-22","document_type":"financial","key_locations":["North America","United States"],"document_subtype":"Research Report","key_organizations":["Deutsche Bank","Medical Properties Trust"],"reference_numbers":["DB-SDNY-0093200","SDNY_GM_00239384","EFTA01389039"]}