Stifel Canada Lowers DRI Healthcare Trust (TSE:DHT) to Hold

Stifel Canada lowered shares of DRI Healthcare Trust (TSE:DHTFree Report) from a strong-buy rating to a hold rating in a research report report published on Monday morning, Zacks.com reports.

A number of other equities research analysts have also commented on the company. Raymond James lowered DRI Healthcare Trust from a strong-buy rating to a moderate buy rating in a research report on Monday. Scotiabank upgraded DRI Healthcare Trust to a strong-buy rating in a research report on Friday, June 14th.

View Our Latest Report on DHT

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust (TSE:DHTGet Free Report) last issued its earnings results on Monday, May 6th. The company reported C$0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.09). The business had revenue of C$56.71 million during the quarter, compared to analyst estimates of C$55.13 million.

DRI Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Sunday, June 30th will be given a dividend of $0.115 per share. This is a positive change from DRI Healthcare Trust’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, June 28th. This represents a $0.46 annualized dividend and a dividend yield of ∞.

Insider Activity at DRI Healthcare Trust

In other DRI Healthcare Trust news, insider DRI Capital Inc. bought 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of C$11.95 per share, for a total transaction of C$896,250.00.

About DRI Healthcare Trust

(Get Free Report)

DHT is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize it by its business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for its fleet and a transparent corporate structure maintaining a high level of integrity and good governance.

Further Reading

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