DRI Healthcare Trust (TSE:DHT.UN) Shares Down 0.3% – Time to Sell?

DRI Healthcare Trust (TSE:DHT.UN)’s share price was down 0.3% during trading on Monday . The company traded as low as C$11.33 and last traded at C$11.55. Approximately 8,920 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 38,731 shares. The stock had previously closed at C$11.59.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DHT.UN shares. National Bankshares decreased their price target on DRI Healthcare Trust from C$19.50 to C$17.50 and set an “outperform” rating on the stock in a report on Thursday, February 20th. CIBC cut their price objective on shares of DRI Healthcare Trust from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$17.94.

DRI Healthcare Trust Trading Up 0.6 %

The stock has a 50 day moving average of C$11.82 and a 200-day moving average of C$12.47.

DRI Healthcare Trust Company Profile

DRI Healthcare Trust is an open-ended trust that provides unitholders with differentiated exposure to the anticipated growth in the global pharmaceuticals and biotechnology markets. Its business model is focused on managing and growing a diversified portfolio of pharmaceutical royalties to deliver attractive growth in cash royalty receipts over the long term.