Medical Facilities Co. (TSE:DR) Director Sells C$1,593,100.00 in Stock

Medical Facilities Co. (TSE:DR) Director Yanick Blanchard sold 100,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$15.93, for a total transaction of C$1,593,100.00.

Medical Facilities Price Performance

Shares of DR traded up C$0.22 during mid-day trading on Monday, reaching C$16.09. 35,679 shares of the company’s stock were exchanged, compared to its average volume of 47,291. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99. The company has a 50-day simple moving average of C$14.23 and a two-hundred day simple moving average of C$13.32. Medical Facilities Co. has a 52-week low of C$8.31 and a 52-week high of C$16.70. The company has a market cap of C$386.96 million, a price-to-earnings ratio of 14.43, a PEG ratio of 3.81 and a beta of 0.47.

Medical Facilities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 2.24%. Medical Facilities’s payout ratio is currently 32.73%.

Analysts Set New Price Targets

Several research firms have issued reports on DR. Royal Bank of Canada upped their price objective on shares of Medical Facilities from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Leede Financial downgraded shares of Medical Facilities from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Leede Jones Gable raised their price objective on shares of Medical Facilities from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Medical Facilities Company Profile

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.