Medical Facilities Corp (DR) Price Target Cut to C$13.00 by Analysts at Royal Bank of Canada
Medical Facilities Corp (TSE:DR) had its target price lowered by Royal Bank of Canada from C$14.00 to C$13.00 in a report published on Friday. The firm currently has a sector perform rating on the stock.
Several other analysts also recently issued reports on the company. Canaccord Genuity increased their price target on Medical Facilities Corp from C$14.50 to C$16.00 in a report on Monday, August 28th. National Bank Financial lowered their price target on Medical Facilities Corp from C$16.50 to C$15.00 and set a sector perform rating for the company in a report on Wednesday, August 9th. CIBC lowered their price target on Medical Facilities Corp from C$18.25 to C$16.00 and set a neutral rating for the company in a report on Friday, August 11th. Finally, TD Securities lowered their price target on Medical Facilities Corp from C$21.00 to C$19.00 and set a buy rating for the company in a report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of C$15.50.
Shares of Medical Facilities Corp (TSE DR) traded up C$0.71 during midday trading on Friday, reaching C$13.28. The company had a trading volume of 273,608 shares, compared to its average volume of 123,593. Medical Facilities Corp has a 52-week low of C$11.14 and a 52-week high of C$19.90.
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The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.0938 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.13 annualized dividend and a dividend yield of 8.48%. Medical Facilities Corp’s dividend payout ratio is presently 98.46%.
Medical Facilities Corp Company Profile
Medical Facilities Corporation is a Canada-based company, which owns interests in over six entities (the Centers), approximately five of which either own a specialty surgical hospital (SSH) or an ambulatory surgery center (ASC). The Company’s Centers offer facilities, such as staff, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging and diagnostic procedures.
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