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

Medical Properties Trust, Inc. (NYSE:MPW) declared 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 dividend 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% per year over the last three years. Medical Properties Trust has a dividend payout ratio of 111.1% indicating that 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 Price Performance

Shares of NYSE:MPW opened at $4.77 on Thursday. The business’s fifty day moving average price is $4.14 and its two-hundred day moving average price is $4.37. Medical Properties Trust has a fifty-two week low of $2.92 and a fifty-two week high of $10.74. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.32.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in shares of Medical Properties Trust by 1.4% during the first quarter. Cetera Investment Advisers now owns 84,116 shares of the real estate investment trust’s stock worth $1,778,000 after buying an additional 1,164 shares during the last quarter. Guardian Wealth Management Inc. raised its position in shares of Medical Properties Trust by 2.3% during the 1st quarter. Guardian Wealth Management Inc. now owns 57,304 shares of the real estate investment trust’s stock valued at $1,211,000 after acquiring an additional 1,269 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of Medical Properties Trust by 9.2% in the 2nd quarter. CreativeOne Wealth LLC now owns 18,184 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 1,534 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Medical Properties Trust by 43.9% in 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 purchasing an additional 1,649 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Medical Properties Trust by 1.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 130,923 shares of the real estate investment trust’s stock worth $1,458,000 after purchasing an additional 1,684 shares during the period. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MPW shares. Truist Financial increased their target price on shares of Medical Properties Trust from $4.00 to $4.50 and gave the stock a “hold” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Medical Properties Trust from a “sell” rating to a “hold” rating and lifted their target price for the company from $2.00 to $5.00 in a research note on Wednesday. Mizuho decreased their price target on Medical Properties Trust from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 3rd. StockNews.com cut Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Royal Bank of Canada reduced their price objective on Medical Properties Trust from $8.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.75.

Medical Properties Trust Company Profile

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.