NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) Sets New 52-Week High – Here’s Why

Shares of NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$5.99 and last traded at C$5.98, with a volume of 227379 shares trading hands. The stock had previously closed at C$5.93.

Wall Street Analyst Weigh In

Several research firms recently commented on NWH.UN. Royal Bank Of Canada set a C$5.50 target price on NorthWest Health Prop Real Est Inv Trust and gave the company a “sector perform” rating in a research report on Monday, November 24th. Canadian Imperial Bank of Commerce raised their price target on NorthWest Health Prop Real Est Inv Trust from C$5.50 to C$5.75 in a report on Thursday, November 13th. BMO Capital Markets lifted their price objective on shares of NorthWest Health Prop Real Est Inv Trust from C$5.00 to C$6.00 in a research note on Thursday, November 13th. Finally, 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$6.00.

NorthWest Health Prop Real Est Inv Trust Stock Performance

The company has a market capitalization of C$1.46 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.78. The stock’s fifty day simple moving average is C$5.55 and its 200-day simple moving average is C$5.26. 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 issued its earnings results on Tuesday, February 24th. The company reported C($0.16) earnings per share (EPS) for the quarter. The firm had revenue of C$102.27 million 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%. As a group, equities analysts predict that NorthWest Health Prop Real Est Inv Trust will post 0.4905498 earnings per share for the current 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.