Separately, Royal Bank of Canada restated an outperform rating and set a C$23.00 target price on shares of Medical Facilities Corp in a research report on Friday.
Shares of Medical Facilities Corp (TSE:DR) traded up 3.13% during midday trading on Friday, reaching $19.78. The company had a trading volume of 65,488 shares. Medical Facilities Corp has a one year low of $15.50 and a one year high of $23.44. The company has a 50 day moving average of $18.77 and a 200 day moving average of $19.48. The company has a market capitalization of $614.07 million and a PE ratio of 65.93.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 15th were given a $0.0938 dividend. The ex-dividend date was Friday, February 24th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.87%.
About Medical Facilities Corp
Medical Facilities Corporation is a Canada-based company, which owns interests in over six entities (the Centers), approximately five of which either own a specialty surgical hospital (SSH) or an ambulatory surgery center (ASC). The Company’s Centers offer facilities, such as staff, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging and diagnostic procedures.
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