Medical Facilities Corp (TSE:DR) had its target price trimmed by National Bank Financial from C$16.50 to C$15.00 in a research note released on Wednesday morning. The firm currently has a sector perform rating on the stock.
Several other brokerages also recently issued reports on DR. Royal Bank Of Canada downgraded Medical Facilities Corp from a sector outperform rating to a sector perform rating and decreased their target price for the company from C$20.00 to C$19.00 in a research note on Thursday, April 13th. Canaccord Genuity decreased their target price on Medical Facilities Corp from C$17.00 to C$14.50 in a research note on Tuesday, August 8th. TD Securities decreased their target price on Medical Facilities Corp from C$25.00 to C$23.00 in a research note on Monday, April 17th. Finally, CIBC downgraded Medical Facilities Corp from an outperform rating to a neutral rating and decreased their target price for the company from C$24.00 to C$18.25 in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of C$15.90.
Shares of Medical Facilities Corp (DR) opened at 14.90 on Wednesday. Medical Facilities Corp has a 12 month low of $11.14 and a 12 month high of $23.45. The stock’s 50 day moving average price is $13.69 and its 200 day moving average price is $16.60. The company has a market capitalization of $458.91 million and a PE ratio of 16.41.
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The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.094 dividend. This is an increase from Medical Facilities Corp’s previous monthly dividend of $0.09. The ex-dividend date is Thursday, July 27th. This represents a $1.13 dividend on an annualized basis and a yield of 7.57%.
In other news, Director Marilynne Day-Linton acquired 2,500 shares of Medical Facilities Corp stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of C$15.32 per share, with a total value of C$38,300.00. Also, Director Jeffrey Clifford Lozon acquired 2,300 shares of Medical Facilities Corp stock in a transaction on Thursday, June 29th. The stock was purchased at an average cost of C$14.58 per share, for a total transaction of C$33,534.00.
About Medical Facilities Corp
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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