NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) Stock Price Down 1.1% – Here’s Why

NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) fell 1.1% during trading on Thursday . The stock traded as low as C$4.69 and last traded at C$4.70. 621,785 shares traded hands during trading, a decline of 6% from the average session volume of 658,327 shares. The stock had previously closed at C$4.75.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NWH.UN shares. CIBC cut their price target on shares of NorthWest Health Prop Real Est Inv Trust from C$5.75 to C$5.50 in a report on Thursday, August 15th. National Bankshares set a C$5.50 price objective on NorthWest Health Prop Real Est Inv Trust and gave the stock a “sector perform” rating in a research report on Wednesday, September 4th. Finally, BMO Capital Markets decreased their price target on shares of NorthWest Health Prop Real Est Inv Trust from C$5.50 to C$5.25 in a research note on Tuesday, November 19th.

NorthWest Health Prop Real Est Inv Trust Price Performance

The company’s 50 day moving average is C$5.11 and its 200 day moving average is C$5.07. The company has a current ratio of 0.25, a quick ratio of 0.06 and a debt-to-equity ratio of 129.42. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -2.96, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05.

About NorthWest Health Prop Real Est Inv Trust

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (NorthWest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. As at June 30, 2020, the REIT provides investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 189 income-producing properties and 15.3 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand.