Medical Facilities (TSE:DR) Reaches New 12-Month High – Here’s Why

Medical Facilities Co. (TSE:DR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.34 and last traded at C$15.14, with a volume of 53934 shares traded. The stock had previously closed at C$14.99.

Analyst Ratings Changes

Several analysts have weighed in on DR shares. Leede Jones Gable boosted their price objective on Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Leede Financial cut Medical Facilities from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada upped their price target on Medical Facilities from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th.

Medical Facilities Stock Up 0.5 %

The firm has a fifty day simple moving average of C$14.11 and a 200-day simple moving average of C$13.22. The firm has a market cap of C$362.43 million, a price-to-earnings ratio of 13.69, a P/E/G ratio of 3.81 and a beta of 0.47. The company has a debt-to-equity ratio of 86.99, a quick ratio of 1.51 and a current ratio of 1.15.

Medical Facilities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, September 27th. Medical Facilities’s payout ratio is 32.73%.

About Medical Facilities

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.