Medical Properties Trust (NYSE:MPW) Releases Earnings Results, Beats Expectations By $0.02 EPS

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

Medical Properties Trust Price Performance

Shares of NYSE MPW traded up $0.81 during trading hours on Thursday, hitting $5.58. 27,475,258 shares of the stock were exchanged, compared to its average volume of 12,345,431. The company’s fifty day simple moving average is $4.37 and its two-hundred day simple moving average is $4.64. The company has a market cap of $3.35 billion, a PE ratio of -1.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38. Medical Properties Trust has a 1-year low of $3.51 and a 1-year high of $6.55.

Medical Properties Trust Announces Dividend

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

Insider Buying and Selling at Medical Properties Trust

In other Medical Properties Trust news, CAO James Kevin Hanna sold 11,641 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $3.72, for a total value of $43,304.52. Following the sale, the chief accounting officer now owns 366,913 shares of the company’s stock, valued at approximately $1,364,916.36. This trade represents a 3.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.53% of the company’s stock.

Analyst Upgrades and Downgrades

MPW has been the subject of a number of recent research reports. 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. Truist Financial dropped their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.