DRI Healthcare Trust (DHT) to Release Quarterly Earnings on Wednesday

DRI Healthcare Trust (TSE:DHT) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect DRI Healthcare Trust to post earnings of C$0.63 per share for the quarter.

DRI Healthcare Trust (TSE:DHT) last posted its earnings results on Tuesday, August 6th. The company reported C$0.67 EPS for the quarter, topping the consensus estimate of C$0.61 by C$0.06. The business had revenue of C$56.92 million during the quarter, compared to the consensus estimate of C$56.23 million.

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were given a dividend of $0.117 per share. This represents a $0.47 annualized dividend and a yield of ∞. This is an increase from DRI Healthcare Trust’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, September 30th.

Analyst Upgrades and Downgrades

Several research firms have 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, July 8th. Stifel Canada raised DRI Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th.

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.