Medical Facilities (TSE:DR) Reaches New 52-Week High – Here’s Why

Medical Facilities Co. (TSE:DR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$15.10 and last traded at C$14.54, with a volume of 67544 shares changing hands. The stock had previously closed at C$14.68.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DR. Royal Bank of Canada raised their price objective on shares of Medical Facilities from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Leede Jones Gable upped their price objective on shares of Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Medical Facilities Stock Performance

The company has a current ratio of 1.11, a quick ratio of 1.51 and a debt-to-equity ratio of 93.23. The firm’s fifty day moving average is C$14.04 and its 200 day moving average is C$13.12. The company has a market cap of C$353.05 million, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47.

Medical Facilities (TSE:DR) last released its quarterly earnings results on Tuesday, August 6th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$146.64 million for the quarter, compared to analyst estimates of C$144.66 million. Medical Facilities had a return on equity of 35.99% and a net margin of 2.75%. As a group, research analysts predict that Medical Facilities Co. will post 1.2103478 EPS for the current fiscal year.

Medical Facilities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.45%. Medical Facilities’s payout ratio is currently 53.73%.

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.