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 hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis. MPT's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
Medical Properties Trust Stock Up 2.5 %
Shares of Medical Properties Trust stock opened at $16.72 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 1.87. Medical Properties Trust has a 52-week low of $14.10 and a 52-week high of $24.13. The company's 50 day moving average price is $15.90 and its 200-day moving average price is $18.51. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.92 and a beta of 0.75.
Medical Properties Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 16th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Wednesday, June 15th. Medical Properties Trust's dividend payout ratio (DPR) is presently 58.00%.
Wall Street Analyst Weigh In
MPW has been the topic of a number of research analyst reports. StockNews.com cut Medical Properties Trust from a "buy" rating to a "hold" rating in a research note on Wednesday, July 13th. KeyCorp reduced their price objective on Medical Properties Trust from $23.00 to $18.00 and set an "overweight" rating on the stock in a research report on Thursday, July 7th. Jefferies Financial Group dropped their target price on Medical Properties Trust from $19.00 to $15.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. Barclays cut their target price on Medical Properties Trust from $27.00 to $23.00 and set an "overweight" rating for the company in a research note on Thursday, August 4th. Finally, Mizuho decreased their price target on shares of Medical Properties Trust from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, July 29th. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Medical Properties Trust presently has an average rating of "Hold" and a consensus price target of $19.30.