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MPW

Medical Properties TrustNYSE:MPW Stock Report

Market Cap

US$12.8b

7D

0.6%

1Y

10.8%

Updated

30 Nov, 2021

Data

Company Financials +
MPW fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends6/6

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

Omega Healthcare Investors

NYSE:OHI

US$6.8b

Healthcare Realty Trust

NYSE:HR

US$4.7b

Sabra Health Care REIT

NasdaqGS:SBRA

US$3.0b

National Health Investors

NYSE:NHI

US$2.4b

Price History & Performance

Summary of all time highs, changes and price drops for Medical Properties Trust
Historical stock prices
Current Share PriceUS$21.49
52 Week HighUS$22.82
52 Week LowUS$19.32
Beta0.52
1 Month Change0.75%
3 Month Change4.93%
1 Year Change10.77%
3 Year Change23.79%
5 Year Change77.31%
Change since IPO95.36%

Recent News & Updates

Oct 10

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.

Sep 07

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.

Aug 23

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.

Shareholder Returns

MPWUS REITsUS Market
7D0.6%-0.01%-0.9%
1Y10.8%31.0%23.3%

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.

Price Volatility

Is MPW's price volatile compared to industry and market?
MPW volatility
MPW Average Weekly Movement3.2%
REITs Industry Average Movement3.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

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

FoundedEmployeesCEOWebsite
2003106Ed Aldaghttps://www.medicalpropertiestrust.com

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

How do Medical Properties Trust's earnings and revenue compare to its market cap?
MPW fundamental statistics
Market CapUS$12.81b
Earnings (TTM)US$557.56m
Revenue (TTM)US$1.50b

23.0x

P/E Ratio

8.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPW income statement (TTM)
RevenueUS$1.50b
Cost of RevenueUS$36.98m
Gross ProfitUS$1.46b
ExpensesUS$901.39m
EarningsUS$557.56m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.94
Gross Margin97.53%
Net Profit Margin37.27%
Debt/Equity Ratio126.6%

How did MPW perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

68%

Payout Ratio

Does MPW pay a reliable dividends?

See MPW dividend history and benchmarks
When do you need to buy MPW by to receive an upcoming dividend?
Medical Properties Trust dividend dates
Ex Dividend DateDec 08 2021
Dividend Pay DateJan 13 2022
Days until Ex dividend7 days
Days until Dividend pay date43 days

Does MPW pay a reliable dividends?

See MPW dividend history and benchmarks

Valuation

Is Medical Properties Trust undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Medical Properties Trust forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

15.3%

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%).


Past Performance

How has Medical Properties Trust performed over the past 5 years?

10.7%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Medical Properties Trust current dividend yield, its reliability and sustainability?

5.21%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 30 2021Ex Dividend DateDec 08 2021Dividend Pay DateJan 13 202236 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Ed Aldag (57 yo)

18.25yrs

Tenure

US$16,857,637

Compensation

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.


Leadership Team

Experienced Management: MPW's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: MPW's board of directors are considered experienced (6.5 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.2%.


Top Shareholders

Company Information

Medical Properties Trust, Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Medical Properties Trust, Inc.
  • 1000 Urban Center Drive
  • Suite 501
  • Birmingham
  • Alabama
  • 35242
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:22
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.