Medical Properties Trust (NYSE:MPW) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.68-1.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.54. Medical Properties Trust also updated its FY 2020
Pre-Market guidance to 1.68-1.71 EPS.
Shares of NYSE:MPW opened at $20.13 on Friday. Medical Properties Trust has a 12 month low of $12.35 and a 12 month high of $24.29. The company’s 50-day moving average price is $18.85 and its two-hundred day moving average price is $19.20. The company has a quick ratio of 4.04, a current ratio of 3.69 and a debt-to-equity ratio of 1.10. The firm has a market cap of $10.64 billion, a P/E ratio of 14.08, a P/E/G ratio of 2.12 and a beta of 0.64.
Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Medical Properties Trust had a net margin of 38.41% and a return on equity of 6.29%. The company had revenue of $291.84 million for the quarter, compared to the consensus estimate of $310.89 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 51.6% compared to the same quarter last year. As a group, equities analysts predict that Medical Properties Trust will post 1.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were given a $0.27 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.37%. Medical Properties Trust’s dividend payout ratio is 83.08%.
MPW has been the topic of a number of analyst reports. Deutsche Bank downgraded shares of Medical Properties Trust from a buy rating to a hold rating and dropped their target price for the stock from $23.00 to $19.00 in a report on Friday, July 10th. SunTrust Banks raised their target price on shares of Medical Properties Trust from $19.00 to $20.00 and gave the stock a buy rating in a report on Thursday, June 25th. Zacks Investment Research downgraded shares of Medical Properties Trust from a hold rating to a sell rating in a report on Wednesday, July 22nd. TheStreet upgraded shares of Medical Properties Trust from a c+ rating to a b- rating in a report on Thursday. Finally, KeyCorp dropped their target price on shares of Medical Properties Trust from $25.00 to $20.00 and set an overweight rating on the stock in a report on Tuesday, April 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $20.73.
In other Medical Properties Trust news, CFO R Steven Hamner sold 220,000 shares of Medical Properties Trust stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $19.12, for a total transaction of $4,206,400.00. Following the completion of the transaction, the chief financial officer now directly owns 1,605,829 shares of the company’s stock, valued at $30,703,450.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael G. Stewart sold 5,000 shares of Medical Properties Trust stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $19.09, for a total transaction of $95,450.00. Following the transaction, the director now directly owns 220,056 shares of the company’s stock, valued at $4,200,869.04. The disclosure for this sale can be found here. Insiders sold 581,569 shares of company stock valued at $11,012,033 over the last three months. 1.18% of the stock is owned by company insiders.
About Medical Properties Trust
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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