This Ultra-High-Yield Dividend Stock's Prognosis Is Improving
Medical Properties Trust (NYSE: MPW) has been battling a couple of very stiff headwinds over the past few years. The hospital owner's top two tenants have faced significant financial pressures, preventing them from making full monthly rental payments.
On top of that, surging interest rates have made it a lot more expensive for the real estate investment trust (REIT) to borrow money to refinance debt as it matures and fund new investments. These headwinds have weighed on its stock price, pushing its dividend yield up to more than 12%.
However, the healthcare REIT's prognosis is improving. It has taken significant steps to boost its liquidity this year. Because of that, the REIT was recently able to declare its next dividend payment. While Medical Properties Trust is still facing a long road to recovery, it appears to be making meaningful progress toward shoring up its financial situation.
Source Fool.com
