Medical Properties Trust Shares Decline Following RBC Capital Downgrade
Medical Properties Trust (MPT) shares experienced a decline in pre-market trading following a downgrade by RBC Capital Markets. The analyst moved the stock to an equivalent of 'Sell' rating immediately after the company released its third-quarter financial results. Despite missing earnings expectations for the quarter, the stock showed some resilience prior to the downgrade. However, the shift in analyst sentiment has pressured the share price, which was trading down approximately 1.23% at $2.41 during early Friday trading.
Tickers: $MPW
Topics: analyst_rating_change earnings_report pre-market_trading