Medical Properties Trust, Inc. (MPW) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Medical Properties Trust, Inc. (NYSE:MPW) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01, Briefing.com reports. The firm had revenue of $176.60 million during the quarter, compared to analyst estimates of $172.57 million. Medical Properties Trust had a return on equity of 7.54% and a net margin of 42.25%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. Medical Properties Trust updated its FY17 guidance to $1.30-1.32 EPS and its FY18 guidance to $1.42-1.46 EPS.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend was Wednesday, September 13th. Medical Properties Trust’s dividend payout ratio (DPR) is presently 115.66%.
A number of equities research analysts have recently commented on MPW shares. Zacks Investment Research upgraded Medical Properties Trust from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and set a $16.00 target price on shares of Medical Properties Trust in a research report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and set a $15.00 target price on shares of Medical Properties Trust in a research report on Tuesday, August 29th. ValuEngine upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Medical Properties Trust in a research note on Sunday, September 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $14.10.
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About Medical Properties Trust
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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