Ready to Buy the Dip? This Healthcare Stock Is a Smart Buy
Medical Properties Trust (NYSE: MPW) hit a two-month low on Aug. 8 after it fell 14%. The hit to the shares of the hospital-focused real estate investment trust (REIT) came after it reported a net income loss as well as a year-over-year revenue decline in the second quarter.
There are legitimate concerns about MPT, which owns and leases 444 hospitals, with 64% of them acute-care facilities in the U.S. and nine other countries.
For me the biggest worry is that starting in 2025, the company has $1.41 billion in debt that will mature. If Medical Property Trust needs to refinance that debt, the chances are that it will have to pay more in interest thanks to rising interest rates. In the short term, it paid around $104.5 million in interest in the second quarter, 19% more than it did in the same quarter last year.
Source Fool.com
Medical Properties Trust Stock
Currently there is a rather negative sentiment for Medical Properties Trust with 3 Buy predictions and 16 Sell predictions..
This results in a negative potential of -32.14% based on a current price of 4.42 € and a target price of 3 € for the stock.
