Medical Properties Trust (NYSE:MPT) Announces Earnings Results, Meets Expectations

Medical Properties Trust (NYSE:MPT) issued its earnings results on Monday. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15, Briefing.com reports. Medical Properties Trust had a negative return on equity of 2.70% and a negative net margin of 12.59%.Medical Properties Trust’s revenue for the quarter was up 7.9% compared to the same quarter last year.

Medical Properties Trust Price Performance

Shares of NYSE:MPT opened at $4.70 on Monday. Medical Properties Trust has a 1 year low of $3.95 and a 1 year high of $6.47. The company has a debt-to-equity ratio of 2.13, a current ratio of 3.11 and a quick ratio of 3.11. The company has a 50-day simple moving average of $4.72. The firm has a market cap of $2.81 billion, a P/E ratio of -22.38 and a beta of 1.41.

Medical Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.36 annualized dividend and a dividend yield of 7.7%. Medical Properties Trust’s dividend payout ratio (DPR) is -171.43%.

Wall Street Analyst Weigh In

MPT has been the subject of a number of research reports. Weiss Ratings lowered shares of Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Royal Bank Of Canada cut their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Medical Properties Trust currently has a consensus rating of “Reduce” and a consensus target price of $4.50.

About Medical Properties Trust

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.