Medical Properties Trust Stock Sinks After Hospital Landlord Suffers New Losses
Shares of the country’s biggest hospital landlord fell sharply after it said it would take about $350 million of write-downs related to its largest tenant, and that it hired a restructuring adviser.
Medical Properties Trust shares closed 29% lower Friday. The shares ended at their lowest close since March 2009, according to Dow Jones Market Data, after their worst day on record in data going back to 2005.
