Posted 2/22/2024, 11:32:00 AM
Medical Properties Trust Stock Crashes 85%, Pushing Dividend Yield Up as It Works to Shore Up Finances
- Medical Properties Trust (MPW) stock price has crashed 85% from 2022 peak, pushing dividend yield up to 17%
- MPW is selling some hospital properties to raise $480M+ in liquidity to strengthen balance sheet
- MPW signed a new 20-year lease with Prime Healthcare for 4 hospitals, securing cash flow
- MPW is optimistic it can find new operators or sell some hospitals leased to struggling tenant Steward
- Other troubled tenant Prospect Medical is current on rent and financials are improving, so outlook is better