This Ultra-High-Yield Dividend Stock Is Taking Aggressive Steps to Improve Its Financial Health
Medical Properties Trust's (NYSE: MPW) stock price has cratered over the past year, falling more than 60% from its peak. That sell-off has pushed the real estate investment trust's (REIT) dividend yield into the double digits, even after it slashed its payout by nearly 50% in August. Concerns about the hospital owner's balance sheet have weighed heavily on its shares.
The healthcare REIT has been taking steps to calm the market's fears about its financials by selling assets and cutting its dividend. It now plans to be even more aggressive in repairing its financial foundation. Here's a look at what the REIT intends to do to improve its balance sheet.
Medical Properties Trust recently released its third-quarter results. That report showed the underlying strength of its hospital real estate portfolio and the actions it's taking to shore up its financial profile.
Source Fool.com
