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

Key Points

• Medical Properties Trust, Inc. has announced a quarterly dividend of $0.08 per share, payable on October 9th to investors of record on September 11th, yielding an annualized rate of 7.7%.
• The company has a concerning payout ratio of 188.2%, indicating it cannot fully cover its dividend with earnings alone, relying instead on its balance sheet.
• Despite a recent stock price uptick of 0.6% to $4.16, Medical Properties Trust reported a quarterly earnings miss with negative net margins and revenue down by 9.8% year-over-year.

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Thursday, September 11th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Thursday, September 11th.

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. Equities 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 Stock Performance

Medical Properties Trust stock traded up $0.06 during midday trading on Tuesday, hitting $4.20. 1,098,835 shares of the company's stock were exchanged, compared to its average volume of 10,486,814. Medical Properties Trust has a 12-month low of $3.51 and a 12-month high of $6.55. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.76 and a current ratio of 2.76. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of -1.76 and a beta of 1.28. The firm's 50 day simple moving average is $4.26 and its 200 day simple moving average is $4.90.

Medical Properties Trust (NYSE:MPW - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%. The firm had revenue of $240.36 million during the quarter, compared to analyst estimates of $231.90 million. During the same quarter last year, the business posted $0.23 EPS. The firm's revenue was down 9.8% on a year-over-year basis. Equities research analysts predict that Medical Properties Trust will post 0.78 EPS for the current year.

Wall Street Analyst Weigh In

MPW has been the subject of several recent analyst reports. Wall Street Zen cut shares of Medical Properties Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Royal Bank Of Canada cut their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a research report on Monday, June 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.67.

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.