Medical Properties Trust Is A Steal At This Price (Upgrade)
Medical Properties Trust, Inc. stock has defied bearish investors recently, outperforming the market since my last update. Medical Properties Trust's downgraded dividend payout didn't scare investors off. Management's ability to pay down debt and raise liquidity has justified its optimism about the quality of its asset base. I will explain why.
Medical Properties Trust, Inc. (MPW) Is a Trending Stock: Facts to Know Before Betting on It
Medical Properties (MPW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Best Income Stocks to Buy for August 13th
MPW made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 13, 2024.
Medical Properties: 47% Dividend Cut, What Now
Medical Properties Trust reported Q2 funds from operations meeting expectations, but the REIT agreed with creditors to cut its dividend down to $0.08 per-share. Despite the dividend cut, the REIT made progress in selling assets and reducing debt levels. Medical Properties generated $0.23 per-share in NFFO which implies an annualized dividend coverage ratio of ~280%.
Medical Properties Trust: The Market Is Starting To Realize The Firm's Potential
Medical Properties Trust experienced a volatile day following the announcement of financial results, with shares eventually closing up by 4.4%. Despite a drop in revenue and a reduction in distribution, the company saw improvements in net debt and profitability metrics, making it a strong buy. Management successfully reduced debt through asset sales and addressed issues related to the bankruptcy of its largest tenant, positioning the company for future growth.
No Surprise: This Ultra-High-Yielding Dividend Stock Cuts Its Payout Again
Medical Properties Trust has amended its credit facility. One stipulation is that the company agreed to limit its dividend for the next year.
Medical Properties Trust, Inc. (MPW) Q2 2024 Earnings Call Transcript
Medical Properties Trust, Inc. (NYSE:MPW ) Q2 2024 Results Conference Call August 8, 2024 11:00 AM ET Company Participants Charles Lambert - Vice President Edward Aldag - Chairman, President & Chief Executive Office Rosa Hooper - Senior Vice President, Operations & Secretary Kevin Hanna - Senior Vice President, Controller & Chief Accounting Officer Steven Hamner - Executive Vice President & Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Joshua Dennerlein - Bank of America Vikram Malhotra - Mizuho Michael Carroll - RBC Mike Mueller - JPMorgan Michael Lewis - Truist Securities Omotayo Okusanya - Deutsche Bank Operator Good day, and welcome to the Medical Properties Trust Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Compared to Estimates, Medical Properties (MPW) Q2 Earnings: A Look at Key Metrics
The headline numbers for Medical Properties (MPW) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Medical Properties (MPW) Q2 FFO and Revenues Top Estimates
Medical Properties (MPW) came out with quarterly funds from operations (FFO) of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.48 per share a year ago.
What's in the Cards for Medical Properties (MPW) in Q2 Earnings?
While Medical Properties' (MPW) Q2 earnings are likely to have benefited from the favorable healthcare industry trends, high interest rates and exposure to certain troubled operators may have hurt it.
Medical Properties Trust: Results Incoming
Medical Properties Trust (MPW) likely to experience significant volatility due to upcoming financial results and recent asset sales. Analysts expect revenue and normalized FFO to decline year over year, and other profitability metrics may follow suit. Concerns over bankruptcy of largest tenant, Steward Health Care System, could impact MPW's financial performance, but overall upside potential remains significant.
Why Medical Properties Trust Stock Rallied Nearly 12% in July
Medical Properties Trust sold more properties last month. The REIT has already exceeded its liquidity target for the year.
