Medical Facilities Corp (DR) Given New C$14.50 Price Target at Canaccord Genuity

Medical Facilities Corp (TSE:DR) had its price target cut by Canaccord Genuity from C$17.00 to C$14.50 in a research report released on Tuesday, August 8th.

A number of other brokerages have also issued reports on DR. TD Securities cut their price target on shares of Medical Facilities Corp from C$23.00 to C$21.00 in a report on Wednesday, June 14th. CIBC cut shares of Medical Facilities Corp from an outperform rating to a neutral rating and lowered their price target for the company from C$24.00 to C$18.25 in a research report on Wednesday, June 14th. National Bank Financial decreased their target price on shares of Medical Facilities Corp from C$18.00 to C$16.50 in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada cut shares of Medical Facilities Corp from a sector outperform rating to a sector perform rating and decreased their target price for the stock from C$20.00 to C$19.00 in a report on Thursday, April 13th. Three 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 a consensus price target of C$15.90.

Shares of Medical Facilities Corp (TSE DR) opened at 14.25 on Tuesday. The company has a market cap of $441.54 million and a PE ratio of 15.34. The company has a 50 day moving average of $13.65 and a 200 day moving average of $16.43. Medical Facilities Corp has a 52 week low of $11.14 and a 52 week high of $23.44.

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The business also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.094 dividend. This represents a $1.13 annualized dividend and a dividend yield of 7.92%. The ex-dividend date was Thursday, July 27th. This is an increase from Medical Facilities Corp’s previous monthly dividend of $0.09.

In other news, Director Jeffrey Clifford Lozon purchased 2,300 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was acquired at an average cost of C$14.58 per share, with a total value of C$33,534.00. Also, Director Marilynne Day-Linton acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was bought at an average cost of C$15.32 per share, with a total value of C$38,300.00. In the last ninety days, insiders have purchased 5,400 shares of company stock worth $80,828.

About Medical Facilities Corp

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company’s specialty surgical hospitals perform scheduled surgical, imaging, diagnostic, and other procedures, including primary and urgent care; and ambulatory surgery center provides surgical specialties, including orthopedics, pain management, gynecology, gastroenterology, and cosmetic surgery.

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