DRI Healthcare Trust (TSE:DHT.UN) Price Target Raised to C$22.00

DRI Healthcare Trust (TSE:DHT.UN) had its price target upped by Stifel Nicolaus from C$21.00 to C$22.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

DRI Healthcare Trust Price Performance

Shares of DHT.UN opened at C$16.45 on Thursday. The business’s 50-day moving average is C$16.53 and its 200-day moving average is C$15.94. DRI Healthcare Trust has a fifty-two week low of C$10.70 and a fifty-two week high of C$17.69. The company has a market capitalization of C$905.97 million, a price-to-earnings ratio of -18.08 and a beta of 0.41.

DRI Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Monday, April 20th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, March 31st. DRI Healthcare Trust’s payout ratio is currently -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.