On February 23, 2023 at 09:44:15 (ET) an unusually large $380.05K block of Put contracts in Medical Properties Trust (MPW) was sold, with a strike price of $12.00 / share, expiring in 1 days (on February 24, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.14 sigmas above the mean, placing it in the 97.97 percentile of all recent large trades made in MPW options.
Analyst Price Forecast Suggests 28.63% Upside
As of February 23, 2023, the average one-year price target for Medical Properties Trust is $15.69. The forecasts range from a low of $10.10 to a high of $18.90. The average price target represents an increase of 28.63% from its latest reported closing price of $12.20.
The projected annual revenue for Medical Properties Trust is $1,574MM, a decrease of 2.37%. The projected annual EPS is $1.26, a decrease of 39.64%.
What is the Fund Sentiment?
There are 1101 funds or institutions reporting positions in Medical Properties Trust. This is an increase of 9 owner(s) or 0.82% in the last quarter. Average portfolio weight of all funds dedicated to MPW is 0.22%, a decrease of 6.91%. Total shares owned by institutions increased in the last three months by 0.69% to 537,439K shares. The put/call ratio of MPW is 2.96, indicating a bearish outlook.
What are large shareholders doing?
VGSIX – Vanguard Real Estate Index Fund Investor Shares holds 27,209K shares representing 4.55% ownership of the company. In it’s prior filing, the firm reported owning 27,369K shares, representing a decrease of 0.59%. The firm decreased its portfolio allocation in MPW by 20.49% over the last quarter.
Principal Financial Group holds 20,044K shares representing 3.35% ownership of the company. In it’s prior filing, the firm reported owning 17,713K shares, representing an increase of 11.63%. The firm decreased its portfolio allocation in MPW by 45.48% over the last quarter.
Bank of New York Mellon holds 17,997K shares representing 3.01% ownership of the company. In it’s prior filing, the firm reported owning 17,072K shares, representing an increase of 5.14%. The firm decreased its portfolio allocation in MPW by 83.25% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 17,848K shares representing 2.98% ownership of the company. In it’s prior filing, the firm reported owning 17,678K shares, representing an increase of 0.95%. The firm decreased its portfolio allocation in MPW by 18.26% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 17,504K shares representing 2.93% ownership of the company. In it’s prior filing, the firm reported owning 17,220K shares, representing an increase of 1.62%. The firm decreased its portfolio allocation in MPW by 20.66% over the last quarter.
Medical Properties Trust Declares $0.29 Dividend
On February 16, 2023 the company declared a regular quarterly dividend of $0.29 per share ($1.16 annualized). Shareholders of record as of March 16, 2023 will receive the payment on April 13, 2023. Previously, the company paid $0.29 per share.
At the current share price of $12.20 / share, the stock’s dividend yield is 9.51%. Looking back five years and taking a sample every week, the average dividend yield has been 6.21%, the lowest has been 4.42%, and the highest has been 11.16%. The standard deviation of yields is 1.35 (n=237).
The current dividend yield is 2.45 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.56. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.07%, demonstrating that it has increased its dividend over time.
Medical Properties Trust Background Information
(This description is provided by the company.)
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 hospitals with approximately 430 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis. 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.
This article originally appeared on Fintel
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