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Why Medical Properties Trust Rallied Today

TheMotleyFool

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Why Medical Properties Trust Rallied TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Shares of Medical Properties Trust (NYSE: MPW) were rallying 16.8% in Thursday trading as of 12:45 p.m. ET.

The medical property real estate investment trust (REIT) has a depressed stock price, as rising interest rates and problems with its largest tenant, Steward Health Care, forced the company to slash its dividend nearly in half over the summer -- the second 50% dividend cut in a year.

But with the stock beaten down, news of a final legal settlement with Steward sent the stock rebounding today.

Source Fool.com

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