David Plow Acquires 3,100 Shares of DRI Healthcare Trust (TSE:DHT) Stock

DRI Healthcare Trust (TSE:DHT) Senior Officer David Plow acquired 3,100 shares of DRI Healthcare Trust stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of C$12.44 per share, for a total transaction of C$38,564.00.

DRI Healthcare Trust Price Performance

DRI Healthcare Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Tuesday, December 31st will be given a $0.115 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.46 dividend on an annualized basis and a yield of ∞.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Raymond James raised DRI Healthcare Trust to a “moderate buy” rating in a research note on Thursday, November 14th. Stifel Canada upgraded shares of DRI Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th.

About DRI Healthcare Trust

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.