Medical Properties Trust, Inc. Plans Quarterly Dividend of $0.08 (NYSE:MPW)

Medical Properties Trust, Inc. (NYSE:MPW) announced a quarterly dividend on Friday, August 23rd, Wall Street Journal reports. Investors of record on Monday, September 9th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Monday, September 9th.

Medical Properties Trust has raised its dividend by an average of 6.6% per year over the last three years. Medical Properties Trust has a dividend payout ratio of 146.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Medical Properties Trust to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 63.8%.

Medical Properties Trust Trading Down 0.7 %

Shares of MPW stock traded down $0.03 during mid-day trading on Friday, hitting $4.51. 8,363,230 shares of the company’s stock were exchanged, compared to its average volume of 18,534,332. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -2.05, a PEG ratio of 0.65 and a beta of 1.27. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.51. Medical Properties Trust has a fifty-two week low of $2.92 and a fifty-two week high of $7.40. The stock has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $4.54.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.75). The business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $259.53 million. During the same period last year, the business earned $0.48 EPS. Medical Properties Trust’s revenue for the quarter was down 21.0% compared to the same quarter last year. Equities analysts expect that Medical Properties Trust will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MPW has been the topic of a number of recent research reports. BNP Paribas cut shares of Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $6.00 to $4.00 in a research report on Tuesday, July 2nd. Truist Financial boosted their price target on shares of Medical Properties Trust from $4.50 to $5.00 and gave the company a “hold” rating in a report on Thursday, May 30th. StockNews.com lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.00 price target on shares of Medical Properties Trust in a research report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $4.86.

Insider Activity at Medical Properties Trust

In related news, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total transaction of $49,924.50. Following the completion of the sale, the director now directly owns 68,653 shares in the company, valued at $341,891.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.53% of the stock is currently owned by insiders.

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.