Medical Properties Trust, Inc. (MPW) to Issue Quarterly Dividend of $0.08 on April 10th

Medical Properties Trust, Inc. (NYSE:MPW) announced a quarterly dividend on Thursday, February 13th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, April 10th. This represents a $0.32 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Monday, March 10th.

Medical Properties Trust has decreased its dividend by an average of 25.7% annually over the last three years. Medical Properties Trust has a dividend payout ratio of 160.0% 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 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

NYSE MPW opened at $6.01 on Friday. Medical Properties Trust has a 12 month low of $3.51 and a 12 month high of $6.55. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -1.42, a PEG ratio of 1.01 and a beta of 1.32. The company’s 50 day moving average is $4.60 and its two-hundred day moving average is $4.69. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Insider Transactions at Medical Properties Trust

In related news, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $3.72, for a total value of $43,304.52. Following the completion of the sale, the chief accounting officer now directly owns 366,913 shares in the company, valued at $1,364,916.36. The trade was a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MPW. Mizuho cut their price objective on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. StockNews.com raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Truist Financial cut their target price on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.92.

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.