DRI Healthcare Trust T.DHT.UN

Alternate Symbol(s): DHTRF

Healthcare

DRI Healthcare Trust is an open-ended trust that provides unitholders with differentiated exposure to the anticipated growth in the global pharmaceuticals and biotechnology markets. Its business model is focused on managing and growing a diversified portfolio of pharmaceutical royalties to deliver attractive growth in cash royalty receipts over the long term. Geographically, it has a presence in the United States; European Union; Japan, and Rest of the world.

TSX:DHT.UN - Post by User

DRI Healthcare Trust > New long

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Comment by mjh9413on Jul 09, 2024 1:09am

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Post# 36123895

RE:RE:New long

From FP:

The management shake-up prompted a downgrade from Stifel Financial, which cut its rating to hold from buy, citing limited upside for the company as the investigation continues
Bank of Canada analyst Zachary Evershed said his team wasn’t “overly concerned” about the financial impact of these irregularities because they’re relatively small and will be reimbursed by the external management firm.
“Our main concerns are the impact of the firm’s reputation and potential weakening of the bench impacting the trust’s growth trajectory,” Evershed said in a note to clients.