Medical Properties Trust Reaches New 52-Week High After Dividend Announcement (MPW)
Medical Properties Trust (NYSE:MPW)’s share price hit a new 52-week high on Thursday after the company announced a dividend, AnalystRatingsNetwork.com reports. The stock traded as high as $14.00 and last traded at $13.97, with a volume of 466,820 shares. The stock had previously closed at $13.95.
The newly announced dividend is scheduled for Wednesday, October 15th. Investors of record on Thursday, September 18th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.03%.
Separately, analysts at Jefferies Group raised their price target on shares of Medical Properties Trust from $14.50 to $15.00 in a research note on Monday, June 2nd.
The stock has a 50-day moving average of $13.30 and a 200-day moving average of $13.1. The company has a market cap of $2.392 billion and a P/E ratio of 45.74.
Medical Properties Trust (NYSE:MPW) last released its earnings data on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $76.56 million for the quarter, compared to the consensus estimate of $77.50 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, analysts predict that Medical Properties Trust will post $1.07 earnings per share for the current fiscal year.
Medical Properties Trust, Inc is a self-advised real estate investment trust (NYSE:MPW) focused on investing in and owning net-leased healthcare facilities.
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