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.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Barclays reduced their target price on Medical Properties Trust from $27.00 to $23.00 and set an "overweight" rating on the stock in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Medical Properties Trust from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Wednesday, July 13th. JPMorgan Chase & Co. lowered shares of Medical Properties Trust from an "overweight" rating to a "neutral" rating and cut their price target for the company from $24.00 to $18.00 in a research report on Wednesday, June 22nd. TheStreet lowered shares of Medical Properties Trust from a "b-" rating to a "c+" rating in a research report on Wednesday, June 15th. Finally, Mizuho cut their price target on shares of Medical Properties Trust from $26.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, July 29th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.30.
Medical Properties Trust Stock Performance
Medical Properties Trust stock opened at $16.72 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average of $15.90 and a 200-day moving average of $18.54. The firm has a market cap of $10.02 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.92 and a beta of 0.75. Medical Properties Trust has a 1-year low of $14.10 and a 1-year high of $24.13.
Medical Properties Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, June 16th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Wednesday, June 15th. Medical Properties Trust's payout ratio is currently 58.00%.