Raymond James Lowers DRI Healthcare Trust (TSE:DHT) to Moderate Buy

Raymond James lowered shares of DRI Healthcare Trust (TSE:DHTFree Report) from a strong-buy rating to a moderate buy rating in a research report report published on Monday, Zacks.com reports.

Separately, Scotiabank upgraded DRI Healthcare Trust to a strong-buy rating in a research note on Friday, June 14th.

Check Out Our Latest Stock Analysis on DHT

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust (TSE:DHTGet Free Report) last announced its earnings results on Monday, May 6th. The company reported C$0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.66 by C($0.09). The company had revenue of C$56.71 million during the quarter, compared to analyst estimates of C$55.13 million.

DRI Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Sunday, June 30th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from DRI Healthcare Trust’s previous quarterly dividend of $0.11.

Insider Buying and Selling

In related news, insider DRI Capital Inc. purchased 75,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of C$11.95 per share, with a total value of C$896,250.00.

DRI Healthcare Trust Company Profile

(Get Free Report)

DHT is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize it by its business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for its fleet and a transparent corporate structure maintaining a high level of integrity and good governance.

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