This Is Great News for Medical Properties Trust and Its 16%-Yielding Dividend
Medical Properties Trust (NYSE: MPW) has been a polarizing stock to own and watch in recent years. It has an incredibly high-dividend yield of 16%, which can be enticing to investors seeking a high payout. But the healthcare-focused real estate investment trust (REIT) has also slashed its dividend payments recently as it has faced problems with tenants paying their rent on time.
The REIT has been resorting to selling off assets in an effort to boost its liquidity and improve its financials. Doing so can give the business some much-needed breathing room and potentially alleviate some of the fears relating to owning the stock. And investors recently got some good news on that front.
On April 12, Medical Properties Trust (MPT) announced that it sold a majority position in five Utah hospitals. The transaction will generate cash proceeds of around $1.1 billion for the REIT. The company plans to use the cash to help pay down debt as well as for general corporate purposes.
Source Fool.com
Medical Properties Trust Stock
Our community is currently low on Medical Properties Trust with 3 Buy predictions and 5 Sell predictions.
With a target price of 4 € there is a slightly negative potential of -12.95% for Medical Properties Trust compared to the current price of 4.6 €.
