Why Medical Properties Trust Stock Rallied 12.2% in June
Medical Properties Trust's (NYSE: MPW) stock jumped 12.2% in June, according to data provided by S&P Global Market Intelligence. Despite that rebound, shares of the healthcare real estate investment trust (REIT) are still down about 15% so far this year and sit roughly 45% below their 52-week high.
After a very active start to the year, June was a relatively quiet month for the REIT on the news front. Instead, the main catalyst for last month's rally was a presentation the company's management team made at an industry conference. It helped address investors' concerns, taking some pressure off the stock price.
Medical Properties Trust joined other REITs in presenting at Nareit's annual REITweek Investor Conference. The company published a new investor presentation on its website in connection with that event. The briefing detailed its business model, addressed short-seller critiques, laid out its financial situation, and projected its ability to continue paying dividends.
Source Fool.com
