Why I Recently Bet Another $800 That This Beleaguered High-Yield Dividend Stock Will Turn Things Around
I've been a Medical Properties Trust (NYSE: MPW) shareholder since 2007. Until last year, the healthcare real estate investment trust (REIT) had been a great investment, with a solid track record of delivering market-beating total returns and dividend growth.
That all came crashing down in early 2022 as headwinds from higher interest rates and tenant issues started weighing heavily on the stock. The REIT now sits nearly 80% below its all-time high -- a plunge that pushed the yield on its reset dividend up past 12%. While I don't know if it will recover all its lost ground, I believe the hospital owner can turn things around. That's why I recently boosted my stake by $800. Here's why I believe that bet will pay off in the long run.
Medical Properties Trust has faced two stiff headwinds over the past two years: tenant issues and financial concerns. The company has made progress in dealing with both over the past year.
Source Fool.com
