Medical Properties Trust (NYSE:MPT) Stock Price Up 2.2% – Here’s What Happened

Medical Properties Trust, Inc. (NYSE:MPT) shares rose 2.2% on Wednesday . The stock traded as high as $5.28 and last traded at $5.16. Approximately 6,073,674 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 5,464,737 shares. The stock had previously closed at $5.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Medical Properties Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Medical Properties Trust Stock Down 0.4%

The stock has a market cap of $3.06 billion, a P/E ratio of -24.33 and a beta of 1.41. 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 stock’s 50 day moving average is $4.96.

Medical Properties Trust (NYSE:MPT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). Medical Properties Trust had a negative return on equity of 2.70% and a negative net margin of 12.59%.The company had revenue of $252.07 million during the quarter, compared to analysts’ expectations of $252.59 million. During the same period in the prior year, the business posted $0.14 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts anticipate that Medical Properties Trust, Inc. will post 0.65 EPS for the current year.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Thursday, June 18th. Medical Properties Trust’s payout ratio is presently -171.43%.

Medical Properties Trust Company Profile

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.