Medical Facilities Co. (TSE:DR – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$11.44 and last traded at C$11.39, with a volume of 13205 shares changing hands. The stock had previously closed at C$11.38.
Analysts Set New Price Targets
Separately, Royal Bank of Canada boosted their price objective on Medical Facilities from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Friday, March 15th.
View Our Latest Analysis on DR
Medical Facilities Stock Performance
Medical Facilities (TSE:DR – Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported C$0.53 earnings per share for the quarter. The company had revenue of C$166.47 million for the quarter, compared to analysts’ expectations of C$151.52 million. Medical Facilities had a return on equity of 37.77% and a net margin of 4.15%. As a group, research analysts expect that Medical Facilities Co. will post 1.3035921 earnings per share for the current fiscal year.
Medical Facilities Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.81%. The ex-dividend date was Wednesday, March 27th. Medical Facilities’s payout ratio is 32.00%.
Medical Facilities Company Profile
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.
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