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This Badly Beaten Down Ultra-High-Yield Dividend Stock Finally Has Some Good News for Investors

TheMotleyFool

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This Badly Beaten Down Ultra-High-Yield Dividend Stock Finally Has Some Good News for Investors: https://g.foolcdn.com/editorial/images/766226/percentage-interest-rate-growth-rate-mortgage-savings.jpg

Medical Properties Trust (NYSE: MPW) has been crushed over the past few years. The hospital-focused real estate investment trust (REIT) has lost nearly 85% of its value from its peak in early 2022.

That sell-off has pushed its dividend yield up to 17%, even after a nearly 50% cut last year. Tenant troubles and higher interest rates have weighed heavily on the company.

After a very rough patch, the healthcare REIT finally had some good news to share with investors. It accelerated its strategy to boost its liquidity. On top of that, the hospital owner believes it will be able to find solutions to its tenant issues this year.

Source Fool.com

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