NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.33 and traded as high as C$5.78. NorthWest Health Prop Real Est Inv Trust shares last traded at C$5.60, with a volume of 241,279 shares changing hands.

Wall Street Analyst Weigh In

NWH.UN has been the topic of several research reports. Scotiabank upped their price objective on shares of NorthWest Health Prop Real Est Inv Trust from C$6.50 to C$7.00 in a report on Thursday, November 13th. ATB Cormark Capital Markets lowered shares of NorthWest Health Prop Real Est Inv Trust from an “outperform” rating to a “sector perform” rating and set a C$6.25 price target on the stock. in a research note on Friday, February 27th. BMO Capital Markets increased their price target on shares of NorthWest Health Prop Real Est Inv Trust from C$5.00 to C$6.00 in a report on Thursday, November 13th. Royal Bank Of Canada raised their price objective on shares of NorthWest Health Prop Real Est Inv Trust from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Finally, Canadian Imperial Bank of Commerce upped their target price on NorthWest Health Prop Real Est Inv Trust from C$5.50 to C$5.75 in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$6.20.

NorthWest Health Prop Real Est Inv Trust Stock Down 1.1%

The stock’s fifty day simple moving average is C$5.70 and its 200-day simple moving average is C$5.33. The stock has a market cap of C$1.39 billion, a P/E ratio of -26.49, a P/E/G ratio of 0.74 and a beta of 1.63. The company has a debt-to-equity ratio of 129.42, a quick ratio of 0.06 and a current ratio of 0.25.

NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) last announced its earnings results on Tuesday, February 24th. The company reported C($0.16) EPS for the quarter. NorthWest Health Prop Real Est Inv Trust had a negative return on equity of 14.67% and a negative net margin of 75.29%.The business had revenue of C$102.27 million for the quarter. As a group, research analysts forecast that NorthWest Health Prop Real Est Inv Trust will post 0.4905498 earnings per share for the current fiscal year.

About NorthWest Health Prop Real Est Inv Trust

Northwest Healthcare Properties Real Estate Investment Trust provides investors with access to a portfolio of high-quality healthcare real estate. The company provides investors exposure to a well-diversified portfolio of healthcare real estate located in the greater areas of cities such as Australasia, Brazil, Germany, and Canada of which Australasia derives a majority of revenue to the company.