Medical Facilities Corp (TSE:DR) announced a monthly dividend on Friday, July 21st, Zacks reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.094 per share on Tuesday, August 15th. This represents a $1.13 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Medical Facilities Corp’s previous monthly dividend of $0.09.
Shares of Medical Facilities Corp (DR) traded up 12.88% during midday trading on Friday, reaching $14.90. 484,644 shares of the company’s stock traded hands. Medical Facilities Corp has a 52-week low of $11.14 and a 52-week high of $23.44. The stock has a 50 day moving average of $13.69 and a 200-day moving average of $16.60. The stock has a market cap of $458.91 million and a price-to-earnings ratio of 16.41.
In other news, Director Jeffrey Clifford Lozon purchased 2,300 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were purchased at an average cost of C$14.58 per share, with a total value of C$33,534.00. Also, Director Marilynne Day-Linton purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were purchased at an average cost of C$15.32 per share, for a total transaction of C$38,300.00.
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A number of research analysts recently commented on DR shares. National Bank Financial decreased their price target on Medical Facilities Corp from C$18.00 to C$16.50 in a research report on Tuesday, June 13th. TD Securities decreased their price target on Medical Facilities Corp from C$25.00 to C$23.00 in a research report on Monday, April 17th. Canaccord Genuity decreased their price target on Medical Facilities Corp from C$17.00 to C$14.50 in a research report on Tuesday, August 8th. CIBC cut Medical Facilities Corp from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$24.00 to C$18.25 in a research report on Wednesday, June 14th. Finally, Royal Bank Of Canada decreased their price target on Medical Facilities Corp from C$19.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$15.90.
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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