Medical Facilities Corp (DR) Trading Up 2.9%

Medical Facilities Corp (TSE:DR)’s share price was up 2.9% during trading on Tuesday . The stock traded as high as C$14.36 and last traded at C$14.20. Approximately 295,690 shares changed hands during trading, an increase of 108% from the average daily volume of 141,894 shares. The stock had previously closed at C$13.80.

Several equities analysts recently commented on DR shares. Canaccord Genuity upgraded Medical Facilities Corp from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. TD Securities cut their target price on Medical Facilities Corp from C$21.00 to C$19.00 and set a “buy” rating for the company in a research report on Friday, August 11th. CIBC cut their target price on Medical Facilities Corp from C$18.25 to C$16.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Royal Bank Of Canada cut their target price on Medical Facilities Corp from C$19.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday, August 11th. Finally, National Bank Financial cut their target price on Medical Facilities Corp from C$16.50 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$16.20.

The company has a 50-day moving average of $15.26 and a 200-day moving average of $15.38. The company has a market capitalization of $443.09 million and a price-to-earnings ratio of 15.39.

The firm also recently announced a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend was Thursday, September 28th.

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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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