Medical Facilities (TSE:DR) Price Target Lowered to C$10.50 at National Bank Financial

Medical Facilities (TSE:DR) had its target price reduced by National Bank Financial from C$14.00 to C$10.50 in a report issued on Friday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

DR has been the topic of several other reports. Echelon Wealth Partners downgraded shares of Medical Facilities from a buy rating to a hold rating in a research note on Friday, May 10th. Royal Bank of Canada decreased their target price on shares of Medical Facilities from C$14.00 to C$11.00 and set a sector perform rating on the stock in a research note on Friday. Finally, TD Securities downgraded shares of Medical Facilities from a buy rating to a hold rating and decreased their target price for the stock from C$18.50 to C$10.50 in a research note on Friday.

DR stock opened at C$7.96 on Friday. The stock has a market capitalization of $269.58 million and a P/E ratio of -72.36. Medical Facilities has a one year low of C$7.89 and a one year high of C$17.64. The business’s 50 day simple moving average is C$11.95. The company has a debt-to-equity ratio of 140.02, a current ratio of 1.14 and a quick ratio of 0.99.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.094 dividend. This represents a $1.13 annualized dividend and a dividend yield of 14.17%. The ex-dividend date is Tuesday, July 30th. Medical Facilities’s payout ratio is -779.46%.

About Medical Facilities

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 provide scheduled surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health.

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