Medical Properties Trust, Inc. (MPW) Updates FY18 Earnings Guidance
Medical Properties Trust, Inc. (NYSE:MPW) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $1.42-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. Medical Properties Trust also updated its FY17 guidance to $1.30-1.32 EPS.
Several research firms have weighed in on MPW. Zacks Investment Research downgraded shares of Medical Properties Trust from a buy rating to a hold rating in a research note on Wednesday. ValuEngine raised shares of Medical Properties Trust from a hold rating to a buy rating in a research note on Monday, October 2nd. BidaskClub raised shares of Medical Properties Trust from a sell rating to a hold rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a hold rating and issued a $13.00 price target on shares of Medical Properties Trust in a research note on Friday, July 28th. Finally, JMP Securities raised shares of Medical Properties Trust from a market perform rating to an outperform rating and set a $14.00 price target for the company in a research note on Monday, July 17th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $14.10.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Medical Properties Trust had a net margin of 42.25% and a return on equity of 7.54%. The firm had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $163.08 million. During the same period in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Thursday, September 14th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.26%. Medical Properties Trust’s dividend payout ratio is presently 115.66%.
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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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