Mizuho analyst Vikram Malhotra noted that Steward Healthcare, Medical Properties Trust’s top tenant, announced yesterday that it had completed the extension of its asset backed loan agreement with its lenders through December 2023. Malhotra, who said the likelihood of a completion was "highly debated among Bulls and Bears," viewed completion of this ABL as one of the catalysts around his tactical Buy stance on Medical Properties Trust and he keeps a Buy rating and $18 price target on the shares following the news.
Published first on TheFly
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