DRI Healthcare Trust (TSE:DHT.UN - Get Free Report) was up 2.1% during mid-day trading on Tuesday . The company traded as high as C$17.91 and last traded at C$17.81. 24,120 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 56,343 shares. The stock had previously closed at C$17.45.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Scotiabank boosted their target price on DRI Healthcare Trust from C$25.00 to C$30.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, May 19th. National Bank Financial increased their price target on DRI Healthcare Trust from C$22.50 to C$23.50 and gave the company an "outperform" rating in a research report on Tuesday, May 19th. Raymond James Financial lifted their price target on DRI Healthcare Trust from C$22.50 to C$23.50 and gave the stock a "strong-buy" rating in a research note on Monday, June 29th. Stifel Nicolaus boosted their price objective on DRI Healthcare Trust from C$25.00 to C$26.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Finally, Canaccord Genuity Group upped their price objective on shares of DRI Healthcare Trust from C$22.25 to C$23.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of C$25.20.
Check Out Our Latest Analysis on DHT.UN
DRI Healthcare Trust Trading Up 2.1%
The business has a fifty day moving average price of C$17.98 and a two-hundred day moving average price of C$17.27. The company has a market cap of C$978.89 million, a price-to-earnings ratio of -22.26 and a beta of 0.35.
DRI Healthcare Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 20th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 2.5%. DRI Healthcare Trust's payout ratio is presently -52.50%.
About DRI Healthcare Trust
(
Get Free Report)
DRI Healthcare Trust is managed by DRI Capital Inc DRI a pioneer in global pharmaceutical royalty monetization. We provide uniquely favorable exposure for investors in the biopharma industry managing a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world and aiming to acquire dependable patent-protected cash flow streams derived from the sales of those important drugs while limiting the risks and costs connected to drug development. DRI has developed a disciplined strategy predicated on actively sourcing royalty streams on medically necessary products and proudly work with multiple repeat deal partners.DRI Healthcare Trust is an unincorporated open-ended trust governed by the laws of the Province of Ontario pursuant to a declaration of trust dated October 21 2020 as amended.DRI Healthcare Trusts units are listed and trade on the Toronto Stock Exchange under DHT.UN in Canadian dollars and under DHT.U in U.S.
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