Medical Properties Trust, Inc. (NYSE:MPW) to Issue $0.15 Quarterly Dividend

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report) announced a quarterly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Monday, April 22nd will be paid a dividend of 0.15 per share by the real estate investment trust on Wednesday, May 1st. This represents a $0.60 annualized dividend and a yield of 12.66%. The ex-dividend date of this dividend is Friday, April 19th.

Medical Properties Trust has decreased its dividend by an average of 1.6% annually over the last three years. Medical Properties Trust has a payout ratio of 111.1% indicating that 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 $1.18 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 50.8%.

Medical Properties Trust Stock Up 18.8 %

MPW stock traded up $0.75 during midday trading on Monday, hitting $4.74. The stock had a trading volume of 56,502,973 shares, compared to its average volume of 23,270,502. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -5.04, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The business has a 50-day moving average of $4.08 and a two-hundred day moving average of $4.37. Medical Properties Trust has a 52-week low of $2.92 and a 52-week high of $10.74. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.26 and a quick ratio of 2.26.

Institutional Trading of Medical Properties Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Medical Properties Trust by 9.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 370,904 shares of the real estate investment trust's stock worth $1,822,000 after purchasing an additional 31,517 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Medical Properties Trust by 0.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,108,763 shares of the real estate investment trust's stock worth $5,444,000 after purchasing an additional 8,385 shares in the last quarter. Employees Retirement System of Texas grew its position in shares of Medical Properties Trust by 23.8% during the fourth quarter. Employees Retirement System of Texas now owns 208,000 shares of the real estate investment trust's stock worth $1,021,000 after purchasing an additional 40,000 shares in the last quarter. Virtus ETF Advisers LLC grew its position in shares of Medical Properties Trust by 69.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 38,180 shares of the real estate investment trust's stock worth $187,000 after purchasing an additional 15,614 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Medical Properties Trust by 6.5% during the 4th quarter. Legal & General Group Plc now owns 5,167,418 shares of the real estate investment trust's stock valued at $25,372,000 after buying an additional 314,798 shares in the last quarter. Hedge funds and other institutional investors own 71.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MPW shares. Truist Financial boosted their target price on Medical Properties Trust from $4.00 to $4.50 and gave the stock a "hold" rating in a report on Monday, April 8th. Royal Bank of Canada dropped their target price on Medical Properties Trust from $8.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 20th. Colliers Securities downgraded Medical Properties Trust from a "buy" rating to a "neutral" rating and lowered their price target for the company from $10.00 to $4.25 in a report on Wednesday, April 10th. StockNews.com downgraded Medical Properties Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 22nd. Finally, BNP Paribas raised Medical Properties Trust from a "neutral" rating to an "outperform" rating and set a $6.00 price target on the stock in a report on Friday, March 1st. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.48.

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.