Stifel Canada lowered shares of DRI Healthcare Trust (TSE:DHT – Free Report) from a strong-buy rating to a hold rating in a report issued on Monday morning, Zacks.com reports.
Several other equities analysts also recently commented on the company. Scotiabank upgraded DRI Healthcare Trust to a strong-buy rating in a research report on Friday, June 14th. Raymond James downgraded DRI Healthcare Trust from a strong-buy rating to a moderate buy rating in a research report on Monday.
View Our Latest Research Report on DHT
DRI Healthcare Trust Price Performance
DRI Healthcare Trust Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Sunday, June 30th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of ∞. This is an increase from DRI Healthcare Trust’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, June 28th.
Insider Transactions at DRI Healthcare Trust
In other news, insider DRI Capital Inc. acquired 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought 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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