Why Hospital Landlord Medical Properties Trust's Shares Are Surging Today
Portfolio Pulse from Lekha Gupta
Medical Properties Trust Inc's shares surged by around 15% after reporting Q3 FY23 earnings. The company reported revenues of $306.6 million, missing the consensus of $341.8 million. However, it revised its 2023 NFFO per share guidance to $1.56-$1.58 from $1.53-$1.57 earlier. The company also noted strong and consistent rent coverage for Circle Health's 36 facilities leased from it across the U.K.
October 26, 2023 | 3:21 pm
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Medical Properties Trust Inc's shares surged after reporting Q3 FY23 earnings. Despite missing revenue consensus, the company revised its 2023 NFFO per share guidance upwards, which likely contributed to the surge.
Medical Properties Trust Inc's shares surged after the company reported its Q3 FY23 earnings. Despite missing the revenue consensus, the company revised its 2023 NFFO per share guidance upwards, which likely contributed to the surge in share price. The company's strong and consistent rent coverage for Circle Health's facilities also likely contributed to investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100