Stifel Canada lowered shares of DRI Healthcare Trust (TSE:DHT – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday, Zacks.com reports.
A number of other analysts have also recently commented on the stock. Raymond James cut shares of DRI Healthcare Trust from a strong-buy rating to a moderate buy rating in a research note on Monday. Scotiabank upgraded shares of DRI Healthcare Trust to a strong-buy rating in a research note on Friday, June 14th.
Check Out Our Latest Stock Report on DHT
DRI Healthcare Trust Price Performance
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 paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.46 dividend on an annualized basis and a yield of ∞. This is a boost from DRI Healthcare Trust’s previous quarterly dividend of $0.11.
Insider Activity at DRI Healthcare Trust
In related news, insider DRI Capital Inc. purchased 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of C$11.95 per share, with a total value of C$896,250.00.
DRI Healthcare Trust Company Profile
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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