Medical Properties Trust (NYSE:MPW) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Medical Properties Trust (NYSE:MPW) released its earnings results on Thursday. The real estate investment trust reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02, Zacks reports.

Medical Properties Trust Stock Performance

Medical Properties Trust stock traded up $0.81 during midday trading on Thursday, reaching $5.58. 27,475,258 shares of the company’s stock were exchanged, compared to its average volume of 12,345,431. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. The stock’s 50-day simple moving average is $4.37 and its 200 day simple moving average is $4.64. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -1.32, a P/E/G ratio of 1.01 and a beta of 1.32. Medical Properties Trust has a 52 week low of $3.51 and a 52 week high of $6.55.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 10th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.32 annualized dividend and a yield of 5.74%. Medical Properties Trust’s dividend payout ratio (DPR) is currently -7.58%.

Analysts Set New Price Targets

A number of research firms have recently commented on MPW. Truist Financial reduced their price objective on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Mizuho reduced their price target on Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.92.

Insider Activity

In related news, CAO James Kevin Hanna sold 11,641 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total transaction of $43,304.52. Following the transaction, the chief accounting officer now directly owns 366,913 shares of the company’s stock, valued at approximately $1,364,916.36. The trade was a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.