Medical Properties Trust (NYSE:MPW) Posts Earnings Results, Hits Expectations
Medical Properties Trust (NYSE:MPW) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38, Briefing.com reports. Medical Properties Trust had a net margin of 38.41% and a return on equity of 6.29%. The business had revenue of $291.84 million for the quarter, compared to analyst estimates of $310.89 million. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was up 51.6% on a year-over-year basis. Medical Properties Trust updated its FY 2020
Pre-Market guidance to 1.68-1.71 EPS and its FY20 guidance to $1.68-1.71 EPS.
MPW stock opened at $20.13 on Friday. Medical Properties Trust has a 52-week low of $12.35 and a 52-week high of $24.29. 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 business has a fifty day moving average of $18.85 and a two-hundred day moving average of $19.20. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 2.17 and a beta of 0.64.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders 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 annualized dividend and a dividend yield of 5.37%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 83.08%.
In other news, CFO R Steven Hamner sold 220,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $19.12, for a total value of $4,206,400.00. Following the completion of the sale, the chief financial officer now directly owns 1,605,829 shares of the company’s stock, valued at approximately $30,703,450.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael G. Stewart sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $19.09, for a total value of $95,450.00. Following the transaction, the director now owns 220,056 shares in the company, valued at approximately $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 ninety days. Insiders own 1.18% of the company’s stock.
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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