Medical Properties Trust (NYSE:MPT) Hits New 52-Week Low After Earnings Miss

Key Points

• Medical Properties Trust shares hit a new 52-week low, falling as low as $2.60 after the healthcare REIT reported quarterly EPS of $0.11, below the $0.13 consensus estimate. Revenue rose 5.3% year over year to $250.14 million.
• The company declared a quarterly dividend of $0.09, equivalent to $0.36 annually and a reported 14.3% yield; however, its payout ratio was deeply negative at -600%.
• Analyst sentiment remains bearish, with a consensus “Sell” rating and a $4.15 target price. Institutional investors own 71.79% of the stock, including new positions acquired by BlackRock and State Street.

Medical Properties Trust, Inc. (NYSE:MPT - Get Free Report) shares hit a new 52-week low on Thursday following a weaker than expected earnings announcement. The company traded as low as $2.60 and last traded at $2.44, with a volume of 5,865,321 shares changing hands. The stock had previously closed at $2.75.

The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The business had revenue of $250.14 million during the quarter. The business's revenue for the quarter was up 5.3% on a year-over-year basis.

Medical Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th were issued a $0.09 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 14.3%. Medical Properties Trust's dividend payout ratio is presently -600.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MPT. Wells Fargo & Company decreased their price objective on Medical Properties Trust from $5.00 to $3.80 and set an "underweight" rating for the company in a report on Tuesday, September 1st. Weiss Ratings cut shares of Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Sell" and a consensus target price of $4.15.

Hedge Funds Weigh In On Medical Properties Trust

Several institutional investors have recently added to or reduced their stakes in MPT. BlackRock Inc. acquired a new position in Medical Properties Trust during the 2nd quarter worth approximately $347,673,000. Corient Private Wealth LP acquired a new stake in shares of Medical Properties Trust in the 2nd quarter valued at approximately $3,670,000. Allianz Asset Management GmbH acquired a new stake in shares of Medical Properties Trust in the 2nd quarter valued at approximately $33,903,000. State Street Corp acquired a new stake in shares of Medical Properties Trust in the 2nd quarter valued at approximately $118,522,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $1,596,000. Institutional investors and hedge funds own 71.79% of the company's stock.

Medical Properties Trust Stock Performance

The stock has a 50 day moving average of $3.49 and a two-hundred day moving average of $4.38. The stock has a market capitalization of $1.50 billion, a PE ratio of -42.00 and a beta of 1.45. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.12 and a quick ratio of 3.12.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a healthcare-focused real estate investment trust (REIT) that owns and invests in healthcare facilities. Its portfolio has historically included hospitals, inpatient rehabilitation facilities, long-term acute-care hospitals, behavioral health facilities and other properties used by healthcare providers.

Founded in 2003 and headquartered in Birmingham, Alabama, the company primarily generates income by leasing properties to healthcare operators under long-term agreements.

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