Medical Properties Trust (MPW) to Release Earnings on Thursday

Medical Properties Trust (NYSE:MPW) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Medical Properties Trust to post earnings of $0.20 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.75). The firm had revenue of $266.60 million for the quarter, compared to the consensus estimate of $259.53 million. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, analysts expect Medical Properties Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Medical Properties Trust Stock Up 1.1 %

Shares of MPW stock opened at $4.71 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.93 and a current ratio of 2.93. The firm’s 50-day moving average is $5.15 and its 200-day moving average is $4.93. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -1.75, a PEG ratio of 0.68 and a beta of 1.29. Medical Properties Trust has a 52-week low of $2.92 and a 52-week high of $6.55.

Medical Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 9th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.79%. Medical Properties Trust’s payout ratio is -11.90%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial increased their price target on shares of Medical Properties Trust from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 13th. Wolfe Research raised shares of Medical Properties Trust to a “hold” rating in a report on Monday, September 23rd. Finally, Colliers Securities raised shares of Medical Properties Trust from a “neutral” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.38.

Insider Transactions at Medical Properties Trust

In other news, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director C Reynolds Thompson III sold 20,530 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $4.38, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth N. Pitman sold 10,025 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $4.98, for a total transaction of $49,924.50. Following the sale, the director now owns 68,653 shares in the company, valued at $341,891.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,335 shares of company stock valued at $318,825. 1.53% of the stock is currently owned by company insiders.

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.