2024-04-18 03:56:57 ET
Summary
- Medical Properties Trust sold over $1 billion worth of hospitals, triggering a 19% increase in stock price.
- The trust's ability to sell hospitals and raise liquidity target improves risk/reward relationship.
- The stock is approaching a key support level at $5, which could lead to a breakout in 2024.
Medical Properties Trust, Inc. ( MPW ) changed the narrative for itself and passive income investors last week when the real estate investment trust sold more than $1 billion worth of hospitals....
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Medical Properties Trust: A Key Level Is Now In Sight (Technical Analysis)