DRI Healthcare Trust (DHT) Set to Announce Earnings on Tuesday

DRI Healthcare Trust (TSE:DHT) is set to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect DRI Healthcare Trust to post earnings of C$0.67 per share for the quarter.

DRI Healthcare Trust (TSE:DHT) last posted its earnings results on Monday, May 6th. The company reported C$0.57 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.66 by C($0.09). The firm had revenue of C$56.71 million for the quarter, compared to the consensus estimate of C$55.13 million.

DRI Healthcare Trust Stock Performance

Analysts Set New Price Targets

DHT has been the subject of a number of recent analyst reports. Raymond James downgraded DRI Healthcare Trust from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, July 8th. Stifel Canada lowered shares of DRI Healthcare Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, July 8th. Finally, Scotiabank raised shares of DRI Healthcare Trust to a “strong-buy” rating in a research note on Friday, June 14th.

Insider Transactions at DRI Healthcare Trust

In other 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 bought at an average cost of C$11.95 per share, for a total transaction 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.