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Fly News Breaks for December 26, 2019
MPW
Dec 26, 2019 | 07:11 EDT
Mizuho analyst Omotayo Okusanya says Medical Properties Trust delivered a "nice Christmas present" to investors by announcing a $2B U.K. hospital portfolio transaction at a "very attractive" cap rate of 8.9%. Further, there's "more to come" given the company's $5.0B acquisition pipeline as of September 30, adds the analyst. Okusanya, who notes the deal came faster and bigger than expected, increased Medical Properties Trust's price target to $26 from $25 and reiterates a Buy rating on the shares.
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