Medical Properties Trust, Inc. (NYSE:MPW) declared a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.25 per share by the real estate investment trust on Thursday, April 12th. This represents a $1.00 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.24.
Medical Properties Trust has increased its dividend by an average of 4.2% annually over the last three years and has increased its dividend every year for the last 4 years. Medical Properties Trust has a payout ratio of 72.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Medical Properties Trust to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 65.3%.
Medical Properties Trust (NYSE:MPW) opened at $12.87 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.06 and a current ratio of 2.06. Medical Properties Trust has a 52 week low of $11.82 and a 52 week high of $14.22. The company has a market capitalization of $4,700.92, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.82.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Medical Properties Trust had a return on equity of 7.85% and a net margin of 41.12%. The company had revenue of $205.00 million for the quarter, compared to analysts’ expectations of $204.52 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue was up 33.7% compared to the same quarter last year. sell-side analysts predict that Medical Properties Trust will post 1.43 EPS for the current fiscal year.
In other news, Chairman Edward K. Aldag, Jr. sold 489,971 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $12.39, for a total value of $6,070,740.69. Following the sale, the chairman now directly owns 2,192,629 shares in the company, valued at $27,166,673.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.
A number of research firms have commented on MPW. Zacks Investment Research cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Deutsche Bank cut Medical Properties Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $13.50 in a research note on Wednesday, January 10th. JPMorgan Chase & Co. upgraded Medical Properties Trust from an “underweight” rating to a “neutral” rating and set a $14.50 price objective on the stock in a research note on Friday, December 15th. Finally, Robert W. Baird cut Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $13.00 in a research note on Friday, January 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.28.
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Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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