DRI Healthcare Trust Forecasted to Earn FY2024 Earnings of $3.41 Per Share (TSE:DHT)

DRI Healthcare Trust (TSE:DHT) – Analysts at Raymond James raised their FY2024 EPS estimates for shares of DRI Healthcare Trust in a research note issued to investors on Monday, April 8th. Raymond James analyst R. Sarugaser now anticipates that the company will earn $3.41 per share for the year, up from their prior forecast of $3.05. Raymond James also issued estimates for DRI Healthcare Trust’s Q4 2024 earnings at $1.05 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $4.14 EPS.

DRI Healthcare Trust (TSE:DHT) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$1.39 earnings per share for the quarter, beating the consensus estimate of C$0.57 by C$0.82. The firm had revenue of C$71.14 million during the quarter, compared to the consensus estimate of C$44.55 million.

DRI Healthcare Trust Price Performance

DRI Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Sunday, March 31st will be issued a $0.114 dividend. This represents a $0.46 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Wednesday, March 27th. This is an increase from DRI Healthcare Trust’s previous quarterly dividend of $0.10.

About DRI Healthcare Trust

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.