DRI Healthcare Trust (TSE:DHT) Senior Officer David Plow Buys 3,100 Shares

DRI Healthcare Trust (TSE:DHT) Senior Officer David Plow purchased 3,100 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of C$12.44 per share, with a total value of C$38,564.00.

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.115 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of ∞.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHT. Stifel Canada raised DRI Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Raymond James upgraded DRI Healthcare Trust to a “moderate buy” rating in a research report on Thursday, November 14th.

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.