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

Medical Properties Trust, Inc. (NYSE:MPW - Get Free Report) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Monday, March 10th will be paid 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 6.47%. The ex-dividend date of this dividend is Monday, March 10th.

Medical Properties Trust has decreased its dividend by an average of 25.7% per year over the last three years. Medical Properties Trust has a dividend payout ratio of 160.0% 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 $0.58 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 55.2%.

Medical Properties Trust Price Performance

NYSE MPW traded up $0.11 during trading hours on Monday, reaching $4.95. The company's stock had a trading volume of 6,389,157 shares, compared to its average volume of 14,785,350. The stock has a market cap of $2.97 billion, a PE ratio of -1.17, a PEG ratio of 1.05 and a beta of 1.32. Medical Properties Trust has a fifty-two week low of $3.45 and a fifty-two week high of $6.55. The company's 50-day moving average is $4.23 and its two-hundred day moving average is $4.63. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.38 and a current ratio of 2.38.

Analysts Set New Price Targets

MPW has been the topic of several analyst reports. Mizuho decreased their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, December 5th. Truist Financial decreased their price target on shares of Medical Properties Trust from $6.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $4.92.

Insider Transactions at Medical Properties Trust

In related news, CAO James Kevin Hanna sold 11,641 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the transaction, the chief accounting officer now owns 366,913 shares in the company, valued at approximately $1,364,916.36. This trade represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.53% of the company's stock.

About Medical Properties Trust

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.