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Why Medical Property Trust Stock Is Soaring Today

TheMotleyFool

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Why Medical Property Trust Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Shares of Medical Properties Trust (NYSE: MPW) were soaring 11.9% higher as of 12:02 p.m. ET on Thursday. The big gain came after the company announced its third-quarter results earlier in the day.

The healthcare REIT reported net income of $0.19 per share for Q3. It also generated normalized funds from operations (NFFO) of $0.38 per share.

Medical Properties Trust's Q3 earnings figure matched analysts' consensus estimate but didn't beat it. So why were investors so excited? There was more to the update than just the third-quarter numbers.

Source Fool.com

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