🔴 Medical Properties Trust is trading 8.8% down today after RBC downgrade citing tenant vulnerabilities

Medical Properties Trust is trading at $2.25, down 8.81%, after RBC Capital Markets downgraded the company to Underperform.

• RBC cut its price target to $2.00 from $4.50, citing tenant vulnerabilities and liquidity concerns.
• Third-quarter revenue missed consensus; missed September rent from Healthcare Systems of America reduced normalized FFO by $0.02 per share.
• The sector was up, making company-specific news the clearer explanation for the decline.