MPW Stock Overview
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.
Medical Properties Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$21.49|
|52 Week High||US$22.82|
|52 Week Low||US$19.32|
|1 Month Change||0.75%|
|3 Month Change||4.93%|
|1 Year Change||10.77%|
|3 Year Change||23.79%|
|5 Year Change||77.31%|
|Change since IPO||95.36%|
Recent News & Updates
Medical Properties Trust: Strong Growth With Solid Dividend
Gross assets have grown an impressive 31% CAGR over the past decade. They have steadily increased the dividend over the past 8 years, even during the pandemic era. Stock is still undervalued compared to peers. P/B ratio of 1.41 is 27% less than the peers. I expect 10-15% stock appreciation on top of a solid 4-5% dividend yield.
Medical Properties Trust: Why I Am Adding Shares In The Dividend Harvesting Portfolio
Medical Properties Trust is a global leader in the healthcare REIT sector which has over 446 properties and 47,000 beds within its portfolio. MPW has grown its total revenue by $634.60 million (79.45%) and its FFO by $376.30 million (77.54%) over the previous three years. MPW has consistently produced a FFO to revenue ratio of 60% which has supported its 5%+ dividend yield and 9 consecutive years of annual dividend increases.
Why Doesn't Mr. Market See The Value In Medical Properties Trust?
In this article, we attempt to examine Medical Properties' fundamentals with a keen eye on dividend safety. We also consider the potential growth profile. We like the opportunity set for MPW and consider it a Strong Buy with potential returns of 25% annually.
|MPW||US REITs||US Market|
Return vs Industry: MPW underperformed the US REITs industry which returned 28.4% over the past year.
Return vs Market: MPW underperformed the US Market which returned 21.3% over the past year.
|MPW Average Weekly Movement||3.2%|
|REITs Industry Average Movement||3.5%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
Stable Share Price: MPW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MPW's weekly volatility (3%) has been stable over the past year.
About 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 431 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.
Medical Properties Trust Fundamentals Summary
|MPW fundamental statistics|
Is MPW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MPW income statement (TTM)|
|Cost of Revenue||US$36.98m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.94|
|Net Profit Margin||37.27%|
How did MPW perform over the long term?See historical performance and comparison
5.2%Current Dividend Yield
Does MPW pay a reliable dividends?See MPW dividend history and benchmarks
|Medical Properties Trust dividend dates|
|Ex Dividend Date||Dec 08 2021|
|Dividend Pay Date||Jan 13 2022|
|Days until Ex dividend||7 days|
|Days until Dividend pay date||43 days|
Does MPW pay a reliable dividends?See MPW dividend history and benchmarks
Is Medical Properties Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MPW ($21.49) is trading below our estimate of fair value ($57.02)
Significantly Below Fair Value: MPW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MPW is good value based on its PE Ratio (23x) compared to the US REITs industry average (46.1x).
PE vs Market: MPW is poor value based on its PE Ratio (23x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: MPW is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: MPW is good value based on its PB Ratio (1.5x) compared to the US REITs industry average (1.9x).
How is Medical Properties Trust forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPW's forecast earnings growth (15.3% per year) is above the savings rate (2%).
Earnings vs Market: MPW's earnings (15.3% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: MPW's earnings are forecast to grow, but not significantly.
Revenue vs Market: MPW's revenue (10.5% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: MPW's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MPW's Return on Equity is forecast to be low in 3 years time (8.3%).
How has Medical Properties Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPW has high quality earnings.
Growing Profit Margin: MPW's current net profit margins (37.3%) are lower than last year (37.7%).
Past Earnings Growth Analysis
Earnings Trend: MPW's earnings have grown by 10.7% per year over the past 5 years.
Accelerating Growth: MPW's earnings growth over the past year (24.2%) exceeds its 5-year average (10.7% per year).
Earnings vs Industry: MPW earnings growth over the past year (24.2%) underperformed the REITs industry 29.4%.
Return on Equity
High ROE: MPW's Return on Equity (6.7%) is considered low.
How is Medical Properties Trust's financial position?
Financial Position Analysis
Short Term Liabilities: MPW's short term assets ($5.8B) exceed its short term liabilities ($595.0M).
Long Term Liabilities: MPW's short term assets ($5.8B) do not cover its long term liabilities ($10.8B).
Debt to Equity History and Analysis
Debt Level: MPW's net debt to equity ratio (122.4%) is considered high.
Reducing Debt: MPW's debt to equity ratio has increased from 86.2% to 126.6% over the past 5 years.
Debt Coverage: MPW's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: MPW's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is Medical Properties Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MPW's dividend (5.21%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: MPW's dividend (5.21%) is in the top 25% of dividend payers in the US market (3.58%)
Stability and Growth of Payments
Stable Dividend: MPW's dividends per share have been stable in the past 10 years.
Growing Dividend: MPW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.3%), MPW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MPW's dividends in 3 years are forecast to be covered by earnings (62.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ed Aldag (57 yo)
Mr. Edward K. Aldag, Jr., also known as Ed, is a Founder of Medical Properties Trust, Inc. and has been its President and Chief Executive Officer since August 2003. He serves as Director of Infracore SA si...
CEO Compensation Analysis
Compensation vs Market: Ed's total compensation ($USD16.86M) is above average for companies of similar size in the US market ($USD11.11M).
Compensation vs Earnings: Ed's compensation has been consistent with company performance over the past year.
Experienced Management: MPW's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: MPW's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.2%.
Medical Properties Trust, Inc.'s employee growth, exchange listings and data sources
- Name: Medical Properties Trust, Inc.
- Ticker: MPW
- Exchange: NYSE
- Founded: 2003
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: US$12.813b
- Market Cap: US$12.813b
- Shares outstanding: 596.23m
- Website: https://www.medicalpropertiestrust.com
Number of Employees
- Medical Properties Trust, Inc.
- 1000 Urban Center Drive
- Suite 501
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/30 00:22|
|End of Day Share Price||2021/11/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.