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Add as a preferred source on GoogleMedical Properties Trust Shares Fall 1.23% After RBC Cuts Rating
Shares traded at $2.41 in premarket trading Friday. Third-quarter revenue rose 5.3% from a year earlier to $250.140 million.
Medical Properties Trust shares fell 1.23% to $2.41 in premarket trading Friday, Oct. 30, after RBC Capital Markets lowered its recommendation on the hospital real estate investment trust to a sell-equivalent rating following its third-quarter results.
The company recorded $250.140 million in revenue for the quarter, up 5.3% from a year earlier. Normalized funds from operations were $0.11 per share, down from $0.13, while Nareit funds from operations reached $0.24 per diluted share, up from $0.15.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.