DRI Healthcare Trust (TSE:DHT.UN) Stock Price Down 0.3% – Here’s What Happened

Shares of DRI Healthcare Trust (TSE:DHT.UN) dropped 0.3% during trading on Monday . The company traded as low as C$11.33 and last traded at C$11.55. Approximately 8,920 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 38,731 shares. The stock had previously closed at C$11.59.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. National Bankshares cut their price objective on shares of DRI Healthcare Trust from C$19.50 to C$17.50 and set an “outperform” rating on the stock in a report on Thursday, February 20th. CIBC lowered their target price on shares of DRI Healthcare Trust from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.94.

DRI Healthcare Trust Stock Performance

The firm’s 50 day moving average price is C$11.84 and its 200-day moving average price is C$12.48.

DRI Healthcare Trust Company Profile

DRI Healthcare Trust is an open-ended trust that provides unitholders with differentiated exposure to the anticipated growth in the global pharmaceuticals and biotechnology markets. Its business model is focused on managing and growing a diversified portfolio of pharmaceutical royalties to deliver attractive growth in cash royalty receipts over the long term.