NYSE:MPW - New York Stock Exchange, Inc. - US58463J3041 - REIT - Currency: USD
When you're buying income stocks, a company's underlying business is arguably still the most crucial factor to consider, even more than the dividend yield. Let's consider one corporation in each category: Medtronic (NYSE: MDT) and Medical Properties Trust (NYSE: MPW). The former may have a much lower yield, but it also looks more attractive right now as an income stock.
Could this beaten-down healthcare REIT be on the road to recovery?
The big draw with regard to Medical Properties Trust (NYSE: MPW) today is its lofty 8% dividend yield. It is having some success on that front, but is Medical Properties Trust stock worth buying? Getting the bad news out of the way first: Medical Properties Trust has been dealing with some really difficult business events.
Bankrupt hospital chain Prospect Medical Holdings Inc. won court permission to start drawing from its $100 million Chapter 11 financing despite a challenge from landlord Medical Properties Trust Inc.
Shares of Jabil (JBL) advanced intraday Wednesday after the manufacturing solutions provider reporte
Medical Properties Trust (NYSE: MPW) has battled a seemingly never-ending barrage of headwinds in recent years. Tenant troubles and balance sheet issues have weighed heavily on the real estate investment trust's (REIT) stock price. Shares currently sit more than 80% below their peak in 2020, when the pandemic started causing trouble for its hospital tenants.
Medical Properties Trust Inc., one of the largest hospital landlords in the US, has moved to take control of three Southern California health care entities after accusing the owner — Prospect Medical Holdings — of defaulting on debt, according to a copy of a letter reviewed by Bloomberg News.