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

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report) declared a quarterly dividend on Thursday, May 29th, RTT News reports. Shareholders 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 yield of 7.00%. The ex-dividend date of this dividend is Wednesday, June 18th.

Medical Properties Trust has decreased its dividend by an average of 25.7% per year over the last three years. Medical Properties Trust has a dividend 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. Equities research 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 Down 0.9%

NYSE:MPW traded down $0.04 during mid-day trading on Friday, hitting $4.57. The company had a trading volume of 13,264,435 shares, compared to its average volume of 11,969,021. Medical Properties Trust has a fifty-two week low of $3.51 and a fifty-two week high of $6.55. The business's fifty day moving average is $5.24 and its two-hundred day moving average is $4.84. The firm has a market cap of $2.75 billion, a P/E ratio of -1.08, a P/E/G ratio of 1.01 and a beta of 1.41. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38.

Medical Properties Trust (NYSE:MPW - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $223.80 million during the quarter, compared to analysts' expectations of $233.80 million. During the same period last year, the company posted $0.24 EPS. The firm's quarterly revenue was down 17.5% on a year-over-year basis. As a group, research analysts expect that Medical Properties Trust will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Focus Partners Wealth raised its stake in 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 worth $197,000 after buying an additional 3,415 shares during the period. United Services Automobile Association acquired a new position in Medical Properties Trust during the 1st quarter worth approximately $240,000. Royal Bank of Canada raised its stake in Medical Properties Trust by 8.2% during 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Medical Properties Trust by 11.2% during the 1st 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 worth $24,644,000 after buying an additional 410,374 shares during the period. 71.79% of the stock is owned by institutional investors and hedge funds.

About Medical Properties Trust

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.