Medical Properties Trust, Inc. (MPW) to Issue Quarterly Dividend of $0.15 on July 9th

Medical Properties Trust, Inc. (NYSE:MPWGet Free Report) declared a quarterly dividend on Thursday, May 30th, NASDAQ reports. Shareholders of record on Monday, June 10th will be given a dividend of 0.15 per share by the real estate investment trust on Tuesday, July 9th. This represents a $0.60 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Monday, June 10th.

Medical Properties Trust has raised its dividend payment by an average of 6.6% annually over the last three years. Medical Properties Trust has a dividend payout ratio of 139.5% 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 $0.94 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 63.8%.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $5.37 on Friday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -2.42, a PEG ratio of 0.80 and a beta of 1.27. The business has a 50-day moving average of $4.80 and a 200-day moving average of $4.39. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.10 and a quick ratio of 3.10. Medical Properties Trust has a fifty-two week low of $2.92 and a fifty-two week high of $10.74.

Wall Street Analysts Forecast Growth

MPW has been the subject of several analyst reports. Colliers Securities cut Medical Properties Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $10.00 to $4.25 in a report on Wednesday, April 10th. Truist Financial lifted their price target on Medical Properties Trust from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upgraded Medical Properties Trust from a “sell” rating to a “hold” rating and lifted their price target for the stock from $2.00 to $5.00 in a report on Wednesday, April 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $5.00 price target on shares of Medical Properties Trust in a report on Tuesday, May 14th. Finally, cut Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.80.

View Our Latest Research Report on MPW

Medical Properties Trust Company Profile

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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.

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Dividend History for Medical Properties Trust (NYSE:MPW)

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