Up 35% in a Down Market: Is This 6%-Yielding Dividend Stock Still a Buy?
Shares of Medical Properties Trust (NYSE: MPW) have defied the market downdraft this year. The real estate investment trust (REIT) has rallied about 35%, significantly outperforming the roughly 10% decline in the S&P 500. That's a welcome turn for investors, given the stock's struggles in recent years. Even with that big rally, shares of the healthcare REIT still offer a compelling dividend yield of more than 6%. Here's a look at whether it still has more upside ahead.The past few years have been very challenging for Medical Properties Trust. The REIT has battled tenant issues and higher interest rates. Those headwinds made it difficult for the company to refinance debt as it matured. Continue reading
Shares of Medical Properties Trust (NYSE: MPW) have defied the market downdraft this year. The real estate investment trust (REIT) has rallied about 35%, significantly outperforming the roughly 10% decline in the S&P 500. That's a welcome turn for investors, given the stock's struggles in recent years.
Even with that big rally, shares of the healthcare REIT still offer a compelling dividend yield of more than 6%. Here's a look at whether it still has more upside ahead.
The past few years have been very challenging for Medical Properties Trust. The REIT has battled tenant issues and higher interest rates. Those headwinds made it difficult for the company to refinance debt as it matured.