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Previous Close | 4.6100 |
Open | 4.6000 |
Bid | 4.8300 x 40000 |
Ask | 5.0300 x 2200 |
Day's Range | 4.5200 - 4.8500 |
52 Week Range | 4.0400 - 14.0000 |
Volume | |
Avg. Volume | 13,304,449 |
Market Cap | 2.905B |
Beta (5Y Monthly) | 1.17 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.0600 |
Earnings Date | Oct 26, 2023 |
Forward Dividend & Yield | 0.88 (19.09%) |
Ex-Dividend Date | Dec 06, 2023 |
1y Target Est | 7.50 |
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Shares of Medical Properties Trust (NYSE: MPW) were surging 12.5% higher as of 11:04 a.m. ET on Tuesday. The nice gain came after the U.S. Bureau of Labor Statistics (BLS) reported inflation numbers for October 2023. Also, core CPI rose by only 0.2% year over year.
Wall Street thinks these ultra-high-yield dividend stocks could skyrocket 32% to 85% over the next 12 months. Energy Transfer LP (NYSE: ET) ranks as one of the leading midstream energy companies in the U.S. It operates nearly 125,000 miles of pipeline across the country that transport crude oil, natural gas liquids (NGLs), and refined petrochemical products. Energy Transfer can easily afford such a generous distribution.
Shares of Medical Properties Trust (NYSE: MPW) fell hard on Friday, down 8.6% on the day. Today, Stifel (NYSE: SF) analyst Stephen Manaker downgraded Medical Properties from buy to hold, citing persistently tight financial conditions. Not only do interest rates hurt Medical Properties' valuation, but high rates also make it difficult for it to get financing.
BIRMINGHAM, Ala., November 09, 2023--Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE: MPW) today announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share of common stock to be paid on January 11, 2024, to stockholders of record on December 7, 2023.
Did you know that investing approximately $8,300 would be enough for a 12%-yielding dividend stock to generate $1,000 in annual income for your portfolio? Medical Properties Trust (NYSE: MPW) pays that high of a yield right now based on Tuesday's closing stock price, which is why it might be a tantalizing dividend stock to own. Here's why investors can feel a bit more bullish on this beaten-down stock.
While inflation has made real estate investment trusts (REITs) more appealing to many investors, the rate hikes that followed sent many running in the opposite direction. Higher interest rates have not only hindered company growth but have also made REIT dividend yields less attractive than the "risk-free" Treasury yields. When dividend yields start hitting double digits, however, some REITs become a little too tempting to ignore. Are these 10%+ yields too good to pass up, or too good to be true
Medical Properties Trust (NYSE: MPW) has taken a beating over the past several quarters. Shares of the healthcare real estate investment trust (REIT) currently sit about 80% below their all-time high from early last year. Several factors have weighed on its stock price, including tenant issues and higher interest rates.
The company's funds from operations declined last quarter, but they remained well above what it requires to cover its quarterly dividend.
Take Medical Properties Trust (NYSE: MPW) (MPT). In MPT's press release announcing the company's Q3 results, CEO Ed Aldag stated, "Our business model remains strong and stable." MPT's Q3 results arguably give them at least some reasons for cautious optimism.
Medical Properties Trust (NYSE: MPW) is one of the largest healthcare real estate investment trusts (REITS). The REIT has seen its shares plummet this year by more than 55%. Healthcare REITs are considered a good growth option because spending on healthcare is expected to continue to rise due to aging populations.
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Downgrade | Stifel: Buy to Hold | 11/10/2023 | |
Maintains | Wells Fargo: Underweight to Underweight | 10/17/2023 | |
Downgrade | Wells Fargo: Equal-Weight to Underweight | 10/16/2023 | |
Reiterates | RBC Capital: Outperform to Outperform | 9/25/2023 | |
Downgrade | Mizuho: Buy to Neutral | 8/31/2023 | |
Maintains | Barclays: Overweight to Overweight | 8/22/2023 |
1000 Urban Center Drive
Suite 501
Birmingham, AL 35242-2225
United States
205 969 3755
https://www.medicalpropertiestrust.com
Sector(s): Real Estate
Industry: REIT - Healthcare Facilities
Full Time Employees: 119
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023. Since the end of the third quarter, the Company has sold four facilities and now owns approximately 43,000 licensed beds in nine countries across three continents. MPT's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.