DRI Healthcare Trust (TSE:DHT.UN) Trading Up 2.5% – What’s Next?

DRI Healthcare Trust (TSE:DHT.UN)’s share price was up 2.5% during trading on Friday . The company traded as high as C$16.55 and last traded at C$16.14. Approximately 86,178 shares changed hands during trading, an increase of 104% from the average daily volume of 42,191 shares. The stock had previously closed at C$15.75.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their price objective on shares of DRI Healthcare Trust from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$18.88.

DRI Healthcare Trust Trading Up 2.5%

The firm has a market capitalization of C$887.97 million, a price-to-earnings ratio of -17.74 and a beta of 0.35. The stock’s 50 day moving average price is C$16.60 and its two-hundred day moving average price is C$16.27.

DRI Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.7%. DRI Healthcare Trust’s dividend payout ratio is -43.96%.

About DRI Healthcare Trust

DRI Healthcare Trust is managed by DRI Capital Inc DRI a pioneer in global pharmaceutical royalty monetization. We provide uniquely favorable exposure for investors in the biopharma industry managing a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world and aiming to acquire dependable patent-protected cash flow streams derived from the sales of those important drugs while limiting the risks and costs connected to drug development. DRI has developed a disciplined strategy predicated on actively sourcing royalty streams on medically necessary products and proudly work with multiple repeat deal partners.DRI Healthcare Trust is an unincorporated open-ended trust governed by the laws of the Province of Ontario pursuant to a declaration of trust dated October 21 2020 as amended.DRI Healthcare Trusts units are listed and trade on the Toronto Stock Exchange under DHT.UN in Canadian dollars and under DHT.U in U.S.