MPW Stock Recent News

BankRate recently noted that home prices in the U.S. continue to rise due to a persistent lack of housing supply, even amidst some of the highest mortgage rates seen in the last two decades. This ongoing price increase is driven by low inventory levels and robust demand, which outpaces the supply.

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (NYSE: MPW) today announced it will host a conference call and webcast on Thursday, May 9, 2024 at 11:00 a.m. Eastern Time to discuss the company's first quarter 2024 financial results. A press release with first quarter 2024 financial results will be issued before the market opens on May 9, 2024. The dial-in numbers for the conference call are 877-883-0383 (U.S.) and 412-902-6506 (International) and the passcode to join the conf.

Medical Properties Trust is one of the most controversial REITs. It is very speculative and has suffered significant losses lately. Some recent good news is giving us hope.

Medical Properties Trust has finally declared its delayed dividend distribution, offering a substantial 13.6% dividend yield. MPW's dividend yield is 180% higher than its peer group median, with the REIT trading at an incredibly cheap 3x multiple to its annualized 2023 fourth-quarter FFO. MPW has raised $1.6 billion in funds since the start of 2024 as the pending sale of Steward Health Care's physician network to UnitedHealth is set to derisk its financials.

Medical Properties Trust reported the sale of five hospitals for around $1.1 billion last week. The healthcare REIT also declared its quarterly dividend with the payout unchanged from the previous quarter.

Medical Properties Trust stock has almost recovered after a dip in January, but it is still not a good long-term investment. MPW has announced a dividend of $0.15 per share and has sold some assets to improve liquidity. But it doesn't change the fundamental picture much. The company's performance and management compensation raise concerns, and there are allegations of a "Ponzi-like" scheme in a recent letter from senators.

Medical Properties Trust sold over $1 billion worth of hospitals, triggering a 19% increase in stock price. The trust's ability to sell hospitals and raise liquidity target improves risk/reward relationship. The stock is approaching a key support level at $5, which could lead to a breakout in 2024.

Medical Properties Trust (NYSE: MPW) has faced significant challenges in recent years, including financial pressures from its top two tenants and rising interest rates, making borrowing more expensive.

Medical Properties Trust agreed to form a joint venture with five Utah hospitals. The deal will bring in about $1.1 billion.

Medical Properties Trust divested a 75% interest in five Utah hospitals for $886 million, plus $190 million of secured financing. The proceeds will largely be used to pay down debt.