Medical Properties Trust (NYSE:MPT) Reaches New 1-Year High Following Better-Than-Expected Earnings

Medical Properties Trust, Inc. (NYSE:MPTGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $6.47 and last traded at $6.46, with a volume of 8914860 shares changing hands. The stock had previously closed at $5.37.

The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $270.34 million for the quarter. Medical Properties Trust had a negative return on equity of 5.83% and a negative net margin of 28.50%.Medical Properties Trust’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS.

Medical Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 12th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 12th. Medical Properties Trust’s payout ratio is currently -30.51%.

Key Medical Properties Trust News

Here are the key news stories impacting Medical Properties Trust this week:

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Maxim Group began coverage on shares of Medical Properties Trust in a research report on Tuesday, February 3rd. They set a “buy” rating and a $8.00 price target for the company. Weiss Ratings assumed coverage on Medical Properties Trust in a research note on Tuesday, February 3rd. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.00.

View Our Latest Research Report on Medical Properties Trust

Medical Properties Trust Price Performance

The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $3.41 billion, a P/E ratio of 10.20 and a beta of 1.43.

Medical Properties Trust Company Profile

(Get Free Report)

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.

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