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

Medical Properties Trust, Inc. (NYSE:MPW) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, January 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Thursday, December 12th.

Medical Properties Trust has increased its dividend payment by an average of 6.6% annually over the last three years. Medical Properties Trust has a payout ratio of 228.6% 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 $0.71 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 45.1%.

Medical Properties Trust Price Performance

Shares of MPW stock opened at $4.31 on Friday. Medical Properties Trust has a fifty-two week low of $2.92 and a fifty-two week high of $6.55. The stock has a 50 day simple moving average of $5.07 and a two-hundred day simple moving average of $4.90. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.69.

Insider Buying and Selling

In related news, Director C Reynolds Thompson III sold 20,530 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total value of $89,921.40. Following the transaction, the director now directly owns 54,637 shares of the company’s stock, valued at approximately $239,310.06. The trade was a 27.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth N. Pitman purchased 8,087 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $6.01 per share, with a total value of $48,602.87. Following the transaction, the director now owns 76,740 shares of the company’s stock, valued at $461,207.40. This trade represents a 11.78 % increase in their position. The disclosure for this purchase can be found here. 1.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MPW has been the subject of a number of research reports. Wolfe Research upgraded shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Truist Financial upped their price target on Medical Properties Trust from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 13th. Finally, Colliers Securities raised Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Medical Properties Trust has a consensus rating of “Hold” and a consensus price target of $5.50.

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.