Is It Time to Throw in the Towel on This 17%-Yielding Dividend Stock?
It's an unhappy new year for Medical Properties Trust (NYSE: MPW) shareholders. The stock plunged 56% in 2023. Barely a week into 2024, it's down another 28%.
Last Thursday, Medical Properties Trust (MPT) provided a bleak update on its largest tenant, Steward Health Care, and many investors headed for the hills. For those who didn't, is it time to throw in the towel on this 17%-yielding dividend stock?
In November 2023, I wrote that I thought "there's a light at the end of the tunnel for MPT." The healthcare real estate investment trust (REIT) had met analysts' expectations with its third-quarter results.
Source Fool.com
Medical Properties Trust Stock
€4.32
-2.250%
With 4 Buy predictions and 4 Sell predictions the community is currently undecided on Medical Properties Trust.
A slightly negative potential of -7.3% at a current price of 4.32 € for Medical Properties Trust is the result of a target price of 4 €.
