DRI Healthcare Trust (TSE:DHT) Upgraded at Scotiabank

Scotiabank upgraded shares of DRI Healthcare Trust (TSE:DHTFree Report) to a strong-buy rating in a report published on Friday, Zacks.com reports.

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust (TSE:DHTGet Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported C$0.57 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 the consensus estimate 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 dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from DRI Healthcare Trust’s previous quarterly dividend of $0.11.

Insider Buying and Selling

In other news, insider DRI Capital Inc. bought 75,000 shares of DRI Healthcare Trust stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of C$11.95 per share, with a total value of C$896,250.00.

About DRI Healthcare Trust

(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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