Medical Properties Trust, Inc. to Issue Quarterly Dividend of $0.15 (NYSE:MPW)

Medical Properties Trust, Inc. (NYSE:MPW) announced a quarterly dividend on Friday, April 12th, Wall Street Journal reports. Investors of record on Monday, April 22nd will be given a dividend of 0.15 per share by the real estate investment trust on Wednesday, May 1st. This represents a $0.60 annualized dividend and a yield of 12.58%. The ex-dividend date of this dividend is Friday, April 19th.

Medical Properties Trust has decreased its dividend payment by an average of 1.6% annually over the last three years. Medical Properties Trust has a dividend payout ratio of 111.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Medical Properties Trust to earn $1.18 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 50.8%.

Medical Properties Trust Stock Up 3.2 %

NYSE:MPW opened at $4.77 on Thursday. The firm has a 50-day moving average of $4.14 and a two-hundred day moving average of $4.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.26 and a quick ratio of 2.26. Medical Properties Trust has a 1-year low of $2.92 and a 1-year high of $10.74.

Analyst Ratings Changes

MPW has been the subject of a number of analyst reports. Truist Financial increased their price target on Medical Properties Trust from $4.00 to $4.50 and gave the company a “hold” rating in a report on Monday, April 8th. Colliers Securities downgraded shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $4.25 in a research report on Wednesday, April 10th. Royal Bank of Canada cut their price target on shares of Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. KeyCorp reiterated a “sector weight” rating on shares of Medical Properties Trust in a research note on Friday, January 5th. Finally, BNP Paribas raised shares of Medical Properties Trust from a “neutral” rating to an “outperform” rating and set a $6.00 target price for the company in a research report on Friday, March 1st. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd lifted its holdings in Medical Properties Trust by 94.8% in the first quarter. Covestor Ltd now owns 4,505 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 2,192 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Medical Properties Trust by 1,247.4% during the 4th quarter. Harbour Investments Inc. now owns 4,608 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 4,266 shares during the period. First Manhattan Co. bought a new stake in shares of Medical Properties Trust in the 1st quarter worth approximately $98,000. Advisors Asset Management Inc. acquired a new position in Medical Properties Trust during the 3rd quarter valued at approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Medical Properties Trust by 43.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,402 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,649 shares during the last quarter. 71.79% of the stock is owned by institutional investors and hedge funds.

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.