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

Medical Facilities Co. (TSE:DR) hit a new 52-week high during trading on Wednesday . The company 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 Upgrades and Downgrades

DR has been the topic of a number of recent analyst reports. Leede Financial cut Medical Facilities from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on Medical Facilities from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Finally, Leede Jones Gable raised their price target on Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Medical Facilities Stock Up 0.5 %

The firm has a 50 day moving average of C$14.11 and a two-hundred day moving average of C$13.22. The firm has a market capitalization of C$362.43 million, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99.

Medical Facilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.09 dividend. 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 dividend payout ratio (DPR) is presently 32.73%.

Medical Facilities Company Profile

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.