#3 - Medical Properties Trust (NYSE:MPW)
Medical Properties Trust (NYSE: MPW) You'll start to notice a theme as we look at Medical Properties Trust, which is a hospital property-owning real estate investment trust (REIT). MPW shares many of the high quality, low-risk features of the first two companies in this report. One of the strongest is their funds from operations (FFO) which is among the industry's best. And says Chairman, President, and CEO Edward K. Aldag, Jr. in the company's third-quarter earnings report: "We think 2019 has the potential to be a monumental year for the Company with opportunity to deliver market-leading FFO and dividend growth from the very large, diverse and actionable acquisition pipeline that we have assembled." The company's revenues come in large part from lease and mortgage payments which helps it generate stable cash flow. The company currently pays out approximately 70% of its cash flow in the form of dividends, which currently have a yield of just over 6%. In terms of future growth, the company estimates it can continue to buy $500 million to $1 billion of properties each year.
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.
Read More - Current Price
- $4.31
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $5.50 (27.6% Upside)
