DRI Healthcare Trust (TSE:DHT.UN) Trading Down 0.3% – What’s Next?

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

Wall Street Analysts Forecast Growth

DHT.UN has been the subject of several research reports. CIBC dropped 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 report on Thursday, December 12th. National Bankshares lowered their target price on DRI Healthcare Trust from C$19.50 to C$17.50 and set an “outperform” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$17.94.

DRI Healthcare Trust Stock Down 0.3 %

The stock has a fifty day moving average of C$11.84 and a 200-day moving average of C$12.48.

About DRI Healthcare Trust

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.