Medical Properties Trust, Inc. Declares Quarterly Dividend of $0.29 (NYSE:MPW)

Medical Properties Trust, Inc. (NYSE:MPWGet Rating) announced a quarterly dividend on Thursday, May 26th, Zacks reports. Stockholders of record on Thursday, June 16th will be paid a dividend of 0.29 per share by the real estate investment trust on Thursday, July 14th. This represents a $1.16 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Wednesday, June 15th.

Medical Properties Trust has increased its dividend by an average of 3.9% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Medical Properties Trust has a dividend payout ratio of 87.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Medical Properties Trust to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 61.4%.

Shares of MPW opened at $18.58 on Friday. Medical Properties Trust has a fifty-two week low of $17.38 and a fifty-two week high of $24.13. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.53 and a beta of 0.65. The firm has a 50-day simple moving average of $19.42 and a 200-day simple moving average of $20.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.64 and a current ratio of 1.64.

Medical Properties Trust (NYSE:MPWGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.58. The firm had revenue of $409.80 million during the quarter, compared to analysts’ expectations of $413.31 million. Medical Properties Trust had a net margin of 70.61% and a return on equity of 13.25%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Equities research analysts forecast that Medical Properties Trust will post 1.83 EPS for the current year.

Several research analysts recently issued reports on MPW shares. Jefferies Financial Group cut shares of Medical Properties Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $25.00 to $20.00 in a report on Friday, April 22nd. Zacks Investment Research cut shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America cut shares of Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Medical Properties Trust from $25.00 to $20.00 in a report on Wednesday, April 27th. Finally, Credit Suisse Group dropped their target price on shares of Medical Properties Trust from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $23.10.

In related news, CFO R Steven Hamner sold 285,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $21.04, for a total transaction of $5,996,400.00. Following the sale, the chief financial officer now owns 1,961,214 shares in the company, valued at $41,263,942.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael G. Stewart sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $20.26, for a total transaction of $121,560.00. The disclosure for this sale can be found here. Insiders sold 906,000 shares of company stock worth $19,235,910 over the last quarter. Company insiders own 1.04% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd grew its position in Medical Properties Trust by 94.8% during the first quarter. Covestor Ltd now owns 4,505 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 2,192 shares during the period. First Manhattan Co. purchased a new stake in Medical Properties Trust during the first quarter valued at about $98,000. Belpointe Asset Management LLC purchased a new stake in Medical Properties Trust during the fourth quarter valued at about $107,000. Salem Investment Counselors Inc. grew its position in Medical Properties Trust by 77.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 7,095 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 3,095 shares during the period. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Medical Properties Trust during the fourth quarter valued at about $201,000. 82.27% of the stock is owned by institutional investors.

Medical Properties Trust Company Profile (Get Rating)

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 hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis.

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Dividend History for Medical Properties Trust (NYSE:MPW)

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