Why Medical Properties Trust Stock Is Sinking Today
Medical Properties Trust (NYSE: MPW), a healthcare real estate investment trust (REIT), is facing another steep decline in its share price today. The stock was trading 4.4% lower at 1:02 p.m. ET Thursday afternoon on moderate volume.
What is driving this downward trend? The market seems to be worried about the impact of the strong labor market data on the REIT's prospects. The latest data showed that the U.S. job market remains robust despite the Fed's tightening monetary policy.
This news is not only weighing on Medical Properties Trust's shares, but it is dragging every major U.S. stock index down as well. The S 500 and the Dow Jones Industrial Average were both off by approximately 1% in afternoon trading as a result of this economic update.
Source Fool.com
