Could Medical Properties Stock Help You Become a Millionaire?
Medical Properties Trust (NYSE: MPW) is a real estate investment trust (REIT) that has been achieving some solid growth over the years. As it has expanded its list of healthcare properties, which center around hospitals and behavioral health facilities, revenue has soared from $785 million in 2018 to more than $1.5 billion just last year.
But this year, the stock has been struggling, losing more than half its value. And now, due to the rapid decline, the REIT's yield is at more than 10%. Has Medical Properties Trust become an excellent buy, and could investing in this healthcare stock today set you up to eventually become a millionaire?
As of the end of September, Medical Properties reported having 437 facilities in its portfolio. That's up only modestly from a year ago, when it had 426. Without a significant increase in the number of properties, and with macroeconomic conditions worse than they were a year ago, perhaps it's little surprise that the REIT's growth hasn't been impressive of late:
Source Fool.com
