Medical Properties Trust (NYSE:MPW) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Medical Properties Trust (NYSE:MPW - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01), Zacks reports. The business had revenue of $223.80 million for the quarter, compared to the consensus estimate of $233.80 million. The firm's revenue for the quarter was down 17.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share.

Medical Properties Trust Stock Performance

MPW traded down $0.07 during trading on Tuesday, hitting $5.09. The stock had a trading volume of 7,354,727 shares, compared to its average volume of 12,933,708. The firm has a market cap of $3.08 billion, a PE ratio of -1.20, a P/E/G ratio of 1.01 and a beta of 1.41. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69. Medical Properties Trust has a 12 month low of $3.51 and a 12 month high of $6.55. The company has a 50 day simple moving average of $5.61 and a 200-day simple moving average of $4.81.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 10th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.32 dividend on an annualized basis and a yield of 6.29%. Medical Properties Trust's payout ratio is presently -11.55%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada upped their target price 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 raised shares of Medical Properties Trust from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $5.00 to $9.00 in a research report on Wednesday, March 12th. StockNews.com raised shares of Medical Properties Trust from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company raised their price target on shares of Medical Properties Trust from $4.00 to $5.00 and gave the company an "underweight" rating in a report on Monday, March 10th. One research 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, the company has a consensus rating of "Hold" and an average price target 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.