Why Medical Properties Trust Popped This Week
Shares of hospital real estate investment trust (REIT) Medical Properties Trust (NYSE: MPW) rallied this week, appreciating 15.1% through 12:46 p.m. ET Thursday, according to data from S&P Global Market Intelligence.
Medical Properties has had a very rough year, as higher interest rates and a prominent delinquent tenant forced the company to cut its dividend in half last August. And given that Medical Properties' dividend yield has already skyrocketed to 12.8% by virtue of its falling stock price, it appears investors think yet another cut may be in the offing.
Yet this week, the beaten-down REIT got a bit of good news on that delinquent tenant, lifting shares. However, the stock is by no means out of the woods just yet.
Source Fool.com
