RJF - Why 1 of the Biggest Medical Properties Trust Bulls on Wall Street Now Recommends Selling the Ultra-High-Yield Stock
2023-08-15 05:51:00 ET
Medical Properties Trust (NYSE: MPW) is a decidedly polarizing stock. The average 12-month price target for the stock reflects an upside potential of more than 40%. However, nearly 29% of the stock float was sold short as of Jul. 31, 2023.
Views about the healthcare REIT can also change in a split second. Here's why one of the biggest Medical Properties Trust bulls on Wall Street now recommends selling the ultra-high-yield dividend stock.
Around three months ago, Raymond James (NYSE: RJF) analyst Jonathan Hughes wrote to clients that Medical Properties Trust offered a "margin of safety" with its low valuation. He thought that the stock's bargain valuation would attract investors.
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Why 1 of the Biggest Medical Properties Trust Bulls on Wall Street Now Recommends Selling the Ultra-High-Yield Stock