Zacks: Brokerages Expect Medical Properties Trust, Inc. (MPW) Will Announce Earnings of $0.32 Per Share

Equities research analysts predict that Medical Properties Trust, Inc. (NYSE:MPW) will post earnings per share of $0.32 for the current quarter, Zacks reports. Seven analysts have provided estimates for Medical Properties Trust’s earnings, with estimates ranging from $0.30 to $0.34. Medical Properties Trust reported earnings per share of $0.36 in the same quarter last year, which suggests a negative year over year growth rate of 11.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Medical Properties Trust will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.41. For the next year, analysts anticipate that the firm will report earnings of $1.53 per share, with EPS estimates ranging from $1.52 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Medical Properties Trust.

Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). Medical Properties Trust had a net margin of 131.84% and a return on equity of 7.98%. The company had revenue of $180.45 million for the quarter, compared to analyst estimates of $182.00 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. Medical Properties Trust’s revenue was down 12.0% on a year-over-year basis.

MPW has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Medical Properties Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.00 to $23.00 in a research report on Wednesday, February 13th. Mitsubishi UFJ Financial Group lifted their price target on shares of Medical Properties Trust to $17.00 and gave the company a “neutral” rating in a research report on Monday, February 11th. Deutsche Bank lifted their price target on shares of Medical Properties Trust from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Finally, Zacks Investment Research downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.79.

In related news, CEO Edward K. Aldag, Jr. sold 273,577 shares of Medical Properties Trust stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $18.72, for a total transaction of $5,121,361.44. Following the completion of the transaction, the chief executive officer now directly owns 2,160,784 shares in the company, valued at approximately $40,449,876.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Medical Properties Trust in the 4th quarter worth approximately $60,497,000. Oregon Public Employees Retirement Fund grew its stake in shares of Medical Properties Trust by 1,508.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,317,289 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 2,173,179 shares during the period. Prudential Financial Inc. grew its stake in shares of Medical Properties Trust by 174.1% during the 4th quarter. Prudential Financial Inc. now owns 3,291,582 shares of the real estate investment trust’s stock valued at $52,928,000 after buying an additional 2,090,516 shares during the period. Deutsche Bank AG grew its stake in shares of Medical Properties Trust by 273.7% during the 4th quarter. Deutsche Bank AG now owns 2,060,359 shares of the real estate investment trust’s stock valued at $33,128,000 after buying an additional 1,508,980 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Medical Properties Trust by 2,802.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,523,055 shares of the real estate investment trust’s stock valued at $28,192,000 after buying an additional 1,470,589 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Shares of MPW stock traded up $0.03 during midday trading on Friday, reaching $17.78. 2,880,100 shares of the company traded hands, compared to its average volume of 3,377,998. Medical Properties Trust has a 1-year low of $13.26 and a 1-year high of $18.92. The company has a current ratio of 9.37, a quick ratio of 9.37 and a debt-to-equity ratio of 0.82. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.27 and a beta of 0.69.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 5.62%. Medical Properties Trust’s dividend payout ratio is currently 72.99%.

Medical Properties Trust Company Profile

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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Earnings History and Estimates for Medical Properties Trust (NYSE:MPW)

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