DRI Healthcare Trust (TSE:DHT.UN) Trading Down 0.9% – Here’s What Happened

DRI Healthcare Trust (TSE:DHT.UN) was down 0.9% during mid-day trading on Thursday . The stock traded as low as C$14.77 and last traded at C$14.97. Approximately 13,418 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 42,733 shares. The stock had previously closed at C$15.10.

DRI Healthcare Trust Price Performance

The company has a market capitalization of C$830.85 million, a P/E ratio of 213.86 and a beta of 0.13. The company has a 50 day moving average of C$14.62 and a 200-day moving average of C$13.67.

DRI Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, October 20th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. DRI Healthcare Trust’s dividend payout ratio (DPR) is presently 528.57%.

About DRI Healthcare Trust

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.