This Ultra-High Yielding Dividend Stock Hasn't Been This Cheap in 15 Years
The stock market has been soaring over the past year, but unfortunately that doesn't mean all stocks have been winners. Some are down big as elevated interest rates have made it difficult for companies to keep their costs down. And even once-promising and seemingly safe dividend stocks have had to reduce their payouts.
Medical Properties Trust (NYSE: MPW) slashed its payouts last year. And for a real estate investment trust (REIT), where the dividend is a key reason investors buy shares of the company, a sell-off often follows. Not only has Medical Properties' stock fallen to new 52-week lows, but the healthcare-focused REIT is also at such a beaten-down valuation that it hasn't traded at these levels since 2009.
Has Medical Properties Trust become so cheap that it is a no-brainer buy at this point?
Source Fool.com
