This 6.7%-Yielding Dividend Stock Is Now Much Healthier After Completing $5.5 Billion of Transactions

Medical Properties Trust's (NYSE: MPW) has experienced ailing financial health in recent years. The bankruptcy of two of its top tenants and rising interest rates put a lot of pressure on the real estate investment trust's (REIT) cash flow and balance sheet. It forced the hospital owner to take several actions to nurse its financial profile back to full strength. While the healthcare REIT isn't there yet, it's now in a much healthier position than it had been after completing $5.5 billion of transactions in the past year. This means its 6.7%-yielding dividend is looking much more sustainable. Medical Properties Trust entered last year with a goal of raising at least $2 billion of incremental liquidity to address upcoming debt maturities. At the time, the REIT couldn't refinance this debt at acceptable terms due to financial troubles with its two largest tenants and much higher interest rates. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool