Wall Street Is Growing Increasingly Bearish on This Ultra-High-Yielding Dividend Stock. A Major Dividend Cut Could Be Imminent.
A growing number of Wall Street analysts are throwing in the towel on Medical Properties Trust (NYSE: MPW). Shares of the hospital-focused healthcare REIT have cratered over the past year. The sell-off gained renewed steam after it recently reported its second-quarter results. That has pushed its dividend yield up close to 15%.
A barrage of analyst downgrades has weighed on the stock. They're growing more concerned that a dividend cut is imminent. Here's what drives their worries.
RBC Capital recently lowered its estimates on Medical Properties Trust following the healthcare REIT's second-quarter earnings report, which it called "disappointing." While the bank still has an "outperform" rating on the stock, it added a speculative risk qualifier to its rating. In addition, the bank cut its price target from $12 to $10 per share.
Source Fool.com
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With a target price of 114 € there is a slightly positive potential of 17.4% for Royal Bank of Canada compared to the current price of 97.1 €.
