DRI Healthcare Trust (TSE:DHT.UN) Price Target Raised to C$19.00 at CIBC

DRI Healthcare Trust (TSE:DHT.UNFree Report) had its target price upped by CIBC from C$18.00 to C$19.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus increased their price target on DRI Healthcare Trust from C$20.00 to C$21.00 and gave the stock a buy rating in a research note on Friday. Royal Bank of Canada reiterated an outperform rating and issued a C$18.00 price target on shares of DRI Healthcare Trust in a research note on Tuesday, November 28th. Finally, Scotiabank increased their price target on DRI Healthcare Trust from C$22.00 to C$24.00 and gave the stock an outperform rating in a research note on Friday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of C$21.00.

View Our Latest Stock Report on DRI Healthcare Trust

DRI Healthcare Trust Stock Up 1.2 %

TSE:DHT.UN opened at C$14.20 on Friday. DRI Healthcare Trust has a one year low of C$7.07 and a one year high of C$14.45. The business has a fifty day moving average of C$12.77.

DRI Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 19th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Thursday, December 28th. DRI Healthcare Trust’s dividend payout ratio (DPR) is presently 17.94%.

About DRI Healthcare Trust

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DRI Healthcare Trust focuses on managing and growing a portfolio of pharmaceutical royalties. It owns a portfolio of 18 royalties derived from the sale of 14 various pharmaceutical products that focuses on eight therapeutic areas. The company was incorporated in 2020 and is headquartered in Toronto, Canada.

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Analyst Recommendations for DRI Healthcare Trust (TSE:DHT.UN)

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