I have position on this. This past week saw two significant news item, the SCOTUS ruling on Affordable Care Act (which is positive for this hospital owning REIT) and the below news (which is negative) and the stock has declined lot more than market.https://www.wsj.com/articles/pe-backed-hospital-chain-got-he...
These relationships with Stewart are worrying.
That relationship is pretty strong. Shareholders come second to Stewart. If you cannot accept that then you should not be in this stock.
I looked at MPW back in 2019 as it hit a few value screens for me. However, a few things scared me off.1) The share count was rising at a rate faster than their revenues were rising.2) There GSA expense was rising faster than their revenues.3) Their dividend coverage was consistently declining. 4) Having lived and rented properties in both Italy and Germany I wondered about their moving into those markets. 5) One of REITs appeals is the income tax free nature of REITs at least at the federal level. While I do not have the inclination to search the tax laws of multiple nations, I did not in the 2020 statement of cash flows that MPW paid just a little over $5 million in income taxes in 2020.
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