This Ultra-High-Yield Dividend Stock's Recovery Plans Face Another Setback
Medical Properties Trust (NYSE: MPW) continues to battle seemingly unrelenting headwinds. The real estate investment trust (REIT) has had to navigate tenant-related issues and surging interest rates. These issues have weighed heavily on its stock price, driving its dividend yield into the double digits.
It seems like every time the healthcare REIT takes one step forward in its recovery plan, it soon faces another setback. The latest complication comes in the form of a bankruptcy filing by top tenant Steward Health Care. Here's how this could impact the hospital owner and its big-time dividend.
Steward Health Care has been facing significant financial pressures since the pandemic. The hospital operator has seen costs surge even as reimbursement rates have fallen. These issues have impacted its ability to fund its business, including paying rent to Medical Properties Trust.
Source Fool.com
