Medical Properties Trust, Inc. (NYSE:MPW) Raises Dividend to $0.09 Per Share

Medical Properties Trust, Inc. (NYSE:MPW) declared a quarterly dividend on Monday, November 17th. Shareholders of record on Thursday, December 11th will be paid a dividend of 0.09 per share by the real estate investment trust on Thursday, January 8th. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, December 11th. This is a 12.5% increase from Medical Properties Trust’s previous quarterly dividend of $0.08.

Medical Properties Trust has decreased its dividend by an average of 0.1%per year over the last three years. Medical Properties Trust has a payout ratio of 188.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Medical Properties Trust to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 51.6%.

Medical Properties Trust Price Performance

Shares of Medical Properties Trust stock traded up $0.19 during trading hours on Monday, reaching $5.14. 10,555,318 shares of the company’s stock were exchanged, compared to its average volume of 9,950,891. The business has a fifty day moving average of $5.06 and a two-hundred day moving average of $4.67. The company has a market capitalization of $3.09 billion, a P/E ratio of -2.15 and a beta of 1.42. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 2.00. Medical Properties Trust has a 1 year low of $3.51 and a 1 year high of $6.34.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $237.52 million for the quarter, compared to analyst estimates of $244.89 million. Medical Properties Trust had a negative return on equity of 28.80% and a negative net margin of 155.20%.The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, research analysts predict that Medical Properties Trust will post 0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MPW has been the subject of several analyst reports. Wall Street Zen upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company lowered their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Wednesday, August 27th. Zacks Research upgraded shares of Medical Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Medical Properties Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.40.

About Medical Properties Trust

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.