DRI Healthcare Trust (TSE:DHT.UN) Shares Up 1.4% – What’s Next?

DRI Healthcare Trust (TSE:DHT.UN)’s share price rose 1.4% during mid-day trading on Friday . The stock traded as high as C$12.20 and last traded at C$12.12. Approximately 30,567 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 37,483 shares. The stock had previously closed at C$11.95.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHT.UN. CIBC lowered their price objective on shares of DRI Healthcare Trust from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research note on Thursday, December 12th. Raymond James decreased their target price on DRI Healthcare Trust from C$23.00 to C$22.00 in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, DRI Healthcare Trust presently has an average rating of “Moderate Buy” and an average target price of C$17.94.

DRI Healthcare Trust Trading Up 1.4 %

The company has a 50-day simple moving average of C$12.09 and a two-hundred day simple moving average of C$12.57.

DRI Healthcare Trust Company Profile

DRI Healthcare Trust is an open-ended trust that provides unitholders with differentiated exposure to the anticipated growth in the global pharmaceuticals and biotechnology markets. Its business model is focused on managing and growing a diversified portfolio of pharmaceutical royalties to deliver attractive growth in cash royalty receipts over the long term.