This 13.5%-Yielding Dividend Stock Could Soar 35% Over the Next 12 Months, According to 1 Analyst
For more than two years now, very little seemed to go right for Medical Properties Trust (NYSE: MPW). Interest rates soared. Key tenants were on shaky ground. The once-growing dividend was slashed. And the share price plunged.
Unsurprisingly, there's considerable negativity surrounding the healthcare real estate investment trust (REIT) these days. But it's not all doom and gloom. The 13.5%-yielding dividend stock could soar 35% over the next 12 months, according to one analyst.
BNP Paribas analyst Nate Crossett recently upgraded Medical Properties Trust stock from a "neutral" rating to an "outperform" rating. He also set a 12-month price target of $6, roughly 35% above the current share price.
Source Fool.com
