DRI Healthcare Trust (TSE:DHT.UN) Sets New 52-Week High – Still a Buy?

DRI Healthcare Trust (TSE:DHT.UN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.55 and last traded at C$17.45, with a volume of 21757 shares traded. The stock had previously closed at C$16.87.

DRI Healthcare Trust Price Performance

The firm’s 50 day moving average is C$16.23 and its 200 day moving average is C$15.71. The company has a market cap of C$969.69 million, a PE ratio of -19.34 and a beta of 0.41.

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. DRI has developed a disciplined strategy predicated on actively sourcing royalty streams on medically necessary products and proudly work with multiple repeat deal partners.DRI Healthcare Trust is an unincorporated open-ended trust governed by the laws of the Province of Ontario pursuant to a declaration of trust dated October 21 2020 as amended.DRI Healthcare Trusts units are listed and trade on the Toronto Stock Exchange under DHT.UN in Canadian dollars and under DHT.U in U.S.