Medical Properties Trust (NYSE:MPW) Issues Earnings Results

Medical Properties Trust (NYSE:MPW - Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02, Zacks reports. The firm had revenue of $231.84 million during the quarter, compared to analysts' expectations of $218.77 million.

Medical Properties Trust Trading Down 2.0 %

Shares of NYSE MPW traded down $0.12 during mid-day trading on Monday, hitting $5.78. The stock had a trading volume of 24,301,605 shares, compared to its average volume of 13,410,753. The firm has a market cap of $3.47 billion, a P/E ratio of -1.37, 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. The business has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $4.66. 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 issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Monday, March 10th. Medical Properties Trust's dividend payout ratio is -7.58%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial cut their target price on 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 lowered 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $4.92.

Insiders Place Their Bets

In related news, CAO James Kevin Hanna sold 11,641 shares of the company'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 completion of the transaction, the chief accounting officer now owns 366,913 shares in the company, valued at $1,364,916.36. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.