Is This 12%-Yielding Dividend Stock the Best Deal for Income Investors in 2024?
If you're looking at stocks with dividend yields in excess of 10%, you know there's going to be some risk. However, there's also the possibility the markets haven't adjusted and aren't correctly pricing a stock that may currently be less risky than it once was. It can sometimes take a while for investors to warm up to a struggling dividend stock, especially if it has burned them in the past.
Medical Properties Trust (NYSE: MPW) certainly falls into that category. It recently cut its dividend and the stock has been a dreadful investment, losing half of its value in 2023. But could this stock be undervalued, and potentially be the best deal out there for income investors today?
Real estate investment trust (REIT) Medical Properties trust's portfolio centers around hospitals, which in normal years should provide investors with a good deal of stability. But the past few years have been anything but typical for the healthcare industry and the REIT's tenants haven't been performing terribly well.
Source Fool.com
