Medical Properties Trust, Inc. (NYSE:MPW) Plans Quarterly Dividend of $0.08

Medical Properties Trust, Inc. (NYSE:MPW) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend is Thursday, December 12th.

Medical Properties Trust has raised its dividend payment by an average of 6.6% per year over the last three years. Medical Properties Trust has a dividend payout ratio of 228.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Medical Properties Trust to earn $0.71 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 45.1%.

Medical Properties Trust Stock Up 1.7 %

NYSE:MPW traded up $0.07 during mid-day trading on Friday, hitting $4.31. 9,829,064 shares of the company’s stock were exchanged, compared to its average volume of 16,692,908. The company has a market cap of $2.59 billion, a PE ratio of -1.02, a P/E/G ratio of 0.67 and a beta of 1.32. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.38 and a quick ratio of 2.38. Medical Properties Trust has a one year low of $2.92 and a one year high of $6.55. The business has a fifty day moving average price of $5.07 and a 200 day moving average price of $4.90.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial upped their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 13th. Colliers Securities upgraded Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target for the company in a report on Friday, September 13th. Finally, Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Medical Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $5.50.

Insider Activity

In other Medical Properties Trust news, Director C Reynolds Thompson III sold 20,530 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction of $89,921.40. Following the completion of the sale, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. This represents a 27.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael G. Stewart sold 32,780 shares of Medical Properties Trust stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.46, for a total transaction of $178,978.80. Following the transaction, the director now owns 221,245 shares in the company, valued at $1,207,997.70. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

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.