DRI Healthcare Trust (TSE:DHT) Stock Rating Lowered by Stifel Canada

DRI Healthcare Trust (TSE:DHTGet Free Report) was downgraded by investment analysts at Stifel Canada from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

Several other research firms also recently issued reports on DHT. Raymond James downgraded DRI Healthcare Trust from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday. Scotiabank raised DRI Healthcare Trust to a “strong-buy” rating in a research note on Friday, June 14th.

Read Our Latest Research Report on DHT

DRI Healthcare Trust Price Performance

DRI Healthcare Trust (TSE:DHTGet Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported C$0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.66 by C($0.09). The business had revenue of C$56.71 million during the quarter, compared to analysts’ expectations of C$55.13 million.

Insider Activity at DRI Healthcare Trust

In other DRI Healthcare Trust news, insider DRI Capital Inc. purchased 75,000 shares of the stock in a transaction 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.

About DRI Healthcare Trust

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for DRI Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRI Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.