FY2024 EPS Estimates for DRI Healthcare Trust (TSE:DHT) Raised by Analyst

Posted by Scott Moore on Apr 11th, 2024

DRI Healthcare Trust (TSE:DHT – Free Report) – Stock analysts at Raymond James upped their FY2024 earnings estimates for shares of DRI Healthcare Trust in a research report issued to clients and investors on Monday, April 8th. Raymond James analyst R. Sarugaser now anticipates that the company will earn $3.41 per share for the year, up from their previous estimate of $3.05. Raymond James also issued estimates for DRI Healthcare Trust’s Q4 2024 earnings at $1.05 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $4.14 EPS.

DRI Healthcare Trust Price Performance

DRI Healthcare Trust (TSE:DHT – Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.57 by C$0.82. The firm had revenue of C$71.14 million for the quarter, compared to the consensus estimate of C$44.55 million.

DRI Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Sunday, March 31st will be paid a dividend of $0.114 per share. This is a boost from DRI Healthcare Trust’s previous quarterly dividend of $0.10. This represents a $0.46 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Wednesday, March 27th.

DRI Healthcare Trust Company Profile

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DHT is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize it by its business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for its fleet and a transparent corporate structure maintaining a high level of integrity and good governance.