Medical Properties Trust (NYSE:MPT) Releases Quarterly Earnings Results, Hits Expectations

Medical Properties Trust (NYSE:MPT) announced its earnings results on Monday. The company reported $0.15 EPS for the quarter, hitting the consensus estimate 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%.The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year.

Medical Properties Trust Stock Performance

NYSE MPT opened at $4.70 on Monday. The firm has a market cap of $2.81 billion, a P/E ratio of -22.38 and a beta of 1.41. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 2.13. Medical Properties Trust has a 12 month low of $3.95 and a 12 month high of $6.47. The firm has a 50 day moving average of $4.72.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.7%. Medical Properties Trust’s dividend payout ratio is currently -171.43%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MPT. Royal Bank Of Canada dropped their price objective on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Weiss Ratings cut Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Medical Properties Trust currently has a consensus rating of “Reduce” and an average 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.