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

Medical Properties Trust, Inc. (NYSE:MPW) announced a quarterly dividend on Thursday, May 29th, RTT News reports. Investors of record on Wednesday, June 18th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, July 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.93%.

Medical Properties Trust has decreased its dividend payment by an average of 25.7% per year over the last three years. Medical Properties Trust has a payout ratio of 188.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Medical Properties Trust to earn $0.62 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 51.6%.

Medical Properties Trust Trading Up 0.1%

Shares of NYSE:MPW opened at $4.62 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of -1.09, a PEG ratio of 1.01 and a beta of 1.41. Medical Properties Trust has a 1-year low of $3.51 and a 1-year high of $6.55. The company has a 50 day moving average price of $5.27 and a 200 day moving average price of $4.84.

Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $223.80 million during the quarter, compared to the consensus estimate of $233.80 million. The business’s revenue was down 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS. On average, research analysts anticipate that Medical Properties Trust will post 0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Medical Properties Trust

Several institutional investors and hedge funds have recently bought and sold shares of MPW. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Medical Properties Trust by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,848 shares of the real estate investment trust’s stock valued at $24,644,000 after purchasing an additional 410,374 shares in the last quarter. United Services Automobile Association purchased a new stake in Medical Properties Trust in the 1st quarter worth approximately $240,000. Royal Bank of Canada lifted its position in Medical Properties Trust by 8.2% in the 1st quarter. Royal Bank of Canada now owns 388,254 shares of the real estate investment trust’s stock worth $2,340,000 after buying an additional 29,515 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Medical Properties Trust by 11.7% during the 1st quarter. Focus Partners Wealth now owns 32,690 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 3,415 shares during the period. Hedge funds and other institutional investors own 71.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank of Canada increased their price target on Medical Properties Trust from $4.00 to $5.00 and gave the company a “sector perform” rating in a research report on Monday, March 10th. Wells Fargo & Company raised their target price on shares of Medical Properties Trust from $4.00 to $5.00 and gave the stock an “underweight” rating in a report on Monday, March 10th. Wall Street Zen upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, BNP Paribas upgraded shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and upped their price target for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.75.

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.