DRI Healthcare Trust (TSE:DHT.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DRI Healthcare Trust (TSE:DHT.UNGet Free Report) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$18.00.

Several research analysts recently issued reports on DHT.UN shares. Scotiabank upped their target price on DRI Healthcare Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Raymond James decreased their price objective on shares of DRI Healthcare Trust from C$23.00 to C$22.00 in a research report on Wednesday, November 13th.

Get Our Latest Stock Analysis on DHT.UN

DRI Healthcare Trust Trading Up 0.6 %

Shares of DHT.UN opened at C$8.70 on Thursday. DRI Healthcare Trust has a 12 month low of C$10.39 and a 12 month high of C$17.43. The stock has a fifty day moving average price of C$13.39 and a 200-day moving average price of C$13.40.

DRI Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 18th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, September 27th. DRI Healthcare Trust’s dividend payout ratio (DPR) is -920.00%.

DRI Healthcare Trust Company Profile

(Get Free Report

DRI Healthcare Trust focuses on managing and growing a portfolio of pharmaceutical royalties. It owns a portfolio of 18 royalties derived from the sale of 14 various pharmaceutical products that focuses on eight therapeutic areas. The company was incorporated in 2020 and is headquartered in Toronto, Canada.

Further Reading

Analyst Recommendations for DRI Healthcare Trust (TSE:DHT.UN)

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