MPW

By lcgeek, December 13, 2019

Travis, any thoughts on why MPW is dropping last couple of days? Didn’t see any specific news on them…like more shares offered which caused the last drop (which recovered nicely)

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lcgeekTravis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe
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There’s been no recent company-specific news of note, I expect the stock just got a bit ahead of itself, so when all the REITs fell about 3% in recent weeks MPW fell a bit harder. I still thin there’s potential to get to $23-24 by this time next year IF they establish more of a dividend growth expectation among investors (which would mean at least one more dividend increase next August, if not before). This is what I wrote back on November 1, after earnings, my opinion hasn’t changed since then: That quarter, by the way, was mostly notable because… Read More »

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