"Medical Properties Trust Stock Plummets to 14-Year Low Amid Tenant Payment Crisis"
Originally Published 2 years ago — by Yahoo Finance
Medical Properties Trust Inc. experienced a significant 29% drop in stock value following the announcement of its efforts to recover uncollected rents and outstanding loans from Steward Health Care System, a key tenant and borrower. The situation was exacerbated by Keybanc's downgrade of the stock from overweight to sector weight. This financial instability has raised concerns about the company's ability to maintain its 17.17% annual dividend yield and has turned the stock into a wait-and-see option for investors, rather than an immediate buy-the-dip opportunity.
