Last year was rough for Medical Properties Trust (NYSE: MPW). The real estate investment trust's (REIT) stock tumbled over 50%. Several factors weighed on the hospital owner, including rising interest rates, tenant issues, and a dividend reduction.

However, many of the healthcare REIT's headwinds could fade in the coming year. Three catalysts, in particular, could give its shares the power to soar in 2024.

One of the factors weighing on Medical Properties Trust last year was tenant-related issues. Its two top tenants (Steward Healthcare and Prospect Medical) are dealing with financial problems. The REIT has been working with them to help them get through this challenging period. For example, it participated in a new asset-backed credit facility with Steward. Meanwhile, it reorganized its relationship with Prospect, including exchanging assets and deferring rent.

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Source Fool.com