Medical Properties Trust downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc downgraded Medical Properties Trust to Sector Weight from Overweight without a price target. The analyst says uncertainty and ongoing risks to the company’s tenant health remain an overhang. Despite efforts to limit extending incremental liquidity to existing tenants, Medical Properties has agreed to provide additional capital until a resolution into the operator’s liquidity challenges is reached, the analyst tells investors in a research note. The firm says pricing and execution remain uncertain.