DRI Healthcare Trust (TSE:DHT.UN) Hits New 52-Week High – Here’s Why

DRI Healthcare Trust (TSE:DHT.UN)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$17.05 and last traded at C$17.05, with a volume of 19273 shares trading hands. The stock had previously closed at C$16.51.

DRI Healthcare Trust Stock Up 1.2%

The company has a market capitalization of C$940.49 million, a PE ratio of -18.16 and a beta of 0.16. The business has a 50 day simple moving average of C$15.60 and a 200 day simple moving average of C$14.56.

DRI Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, October 20th were paid a $0.10 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.3%. DRI Healthcare Trust’s dividend payout ratio (DPR) is -40.96%.

DRI Healthcare Trust Company Profile

DRI Healthcare Trust is managed by DRI Capital Inc DRI a pioneer in global pharmaceutical royalty monetization. We provide uniquely favorable exposure for investors in the biopharma industry managing a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world and aiming to acquire dependable patent-protected cash flow streams derived from the sales of those important drugs while limiting the risks and costs connected to drug development.