Medical Properties Trust, Inc. to Issue Quarterly Dividend of $0.08 (NYSE:MPW)

Medical Properties Trust, Inc. (NYSE:MPW) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Monday, March 10th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, April 10th. This represents a $0.32 dividend on an annualized basis and a yield of 6.60%.

Medical Properties Trust has decreased its dividend payment by an average of 25.7% per year over the last three years. Medical Properties Trust has a payout ratio of 177.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Medical Properties Trust to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 55.2%.

Medical Properties Trust Stock Performance

Shares of Medical Properties Trust stock opened at $4.85 on Friday. Medical Properties Trust has a 52-week low of $3.45 and a 52-week high of $6.55. The company has a 50 day moving average of $4.20 and a 200 day moving average of $4.63. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Analyst Ratings Changes

MPW has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Medical Properties Trust from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Truist Financial reduced their price objective on shares of Medical Properties Trust from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Medical Properties Trust has an average rating of “Hold” and a consensus price target of $4.92.

Insider Transactions at Medical Properties Trust

In other news, CAO James Kevin Hanna sold 11,641 shares of Medical Properties Trust stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $3.72, for a total value of $43,304.52. Following the transaction, the chief accounting officer now directly owns 366,913 shares of the company’s stock, valued at $1,364,916.36. The trade was a 3.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.53% of the company’s stock.

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.