2024-05-07 10:08:19 ET
Summary
- Medical Properties Trust's shares declined after its major tenant, Steward Health, filed for bankruptcy protection.
- The decline in Medical Properties' share price was not as severe as expected, and MPW stock continues to trade above its 52-week low.
- Steward Health's bankruptcy is unlikely to significantly impact Medical Properties Trust, as its hospitals are still needed and it can find new tenants.
Article Thesis
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Medical Properties Trust: The Dreaded Steward Bankruptcy Is Here