Medical Properties Trust, Inc. (MPW) to Issue Quarterly Dividend of $0.08 on January 9th

Medical Properties Trust, Inc. (NYSE:MPW) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, January 9th. This represents a $0.32 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, December 12th.

Medical Properties Trust has increased its dividend payment by an average of 6.6% per year over the last three years. Medical Properties Trust has a payout ratio of 228.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Medical Properties Trust to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 45.1%.

Medical Properties Trust Stock Performance

MPW stock opened at $4.31 on Friday. Medical Properties Trust has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. The business’s fifty day moving average price is $5.07 and its two-hundred day moving average price is $4.90.

Insider Transactions at Medical Properties Trust

In other Medical Properties Trust news, Director Elizabeth N. Pitman purchased 8,087 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of $6.01 per share, for a total transaction of $48,602.87. Following the completion of the acquisition, the director now owns 76,740 shares in the company, valued at approximately $461,207.40. This trade represents a 11.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director C Reynolds Thompson III sold 20,530 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the completion of the sale, the director now owns 54,637 shares of the company’s stock, valued at $239,310.06. The trade was a 27.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MPW. Truist Financial increased their target price on shares of Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 13th. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Friday, September 13th. Finally, Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Medical Properties Trust currently has an average rating of “Hold” and a consensus target price of $5.50.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023.