Should You Buy This 12%-Yielding Dividend Stock Hand Over Fist Right Now?
Buy low, sell high. Every investor has heard this maxim for making money. The challenge is knowing when a stock selling at a low price is poised to move higher or continue its decline.
Take Medical Properties Trust (NYSE: MPW) (MPT). Its shares have plunged more than 55% so far in 2023. However, the healthcare real estate investment trust (REIT) reported pretty good third-quarter results last week which caused the stock to rebound somewhat. Should you buy this 12%-yielding dividend stock hand over fist right now?
In MPT's press release announcing the company's Q3 results, CEO Ed Aldag stated, "Our business model remains strong and stable." Strength and stability are exactly what shareholders desperately want from the company. MPT's Q3 results arguably give them at least some reasons for cautious optimism.
Source Fool.com
Medical Properties Trust Stock
With 4 Buy predictions and 4 Sell predictions the community is currently undecided on Medical Properties Trust.
A slightly negative potential of -9.57% at a current price of 4.42 € for Medical Properties Trust is the result of a target price of 4 €.
