Medical Facilities Co. (TSE:DR – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$11.19 and last traded at C$11.12, with a volume of 30417 shares. The stock had previously closed at C$10.99.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada boosted their price target on Medical Facilities from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Friday, March 15th.
Read Our Latest Research Report on DR
Medical Facilities Stock Performance
Medical Facilities (TSE:DR – Get Free Report) last announced its earnings results on Thursday, March 14th. The company reported C$0.53 EPS for the quarter. Medical Facilities had a return on equity of 37.77% and a net margin of 4.15%. The business had revenue of C$166.47 million for the quarter, compared to analysts’ expectations of C$151.52 million. Equities analysts forecast that Medical Facilities Co. will post 1.2912736 earnings per share for the current fiscal year.
Medical Facilities Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.91%. The ex-dividend date was Wednesday, March 27th. Medical Facilities’s payout ratio is presently 32.00%.
About Medical Facilities
Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.
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