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

NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.09 and traded as high as C$5.41. NorthWest Health Prop Real Est Inv Trust shares last traded at C$5.37, with a volume of 624,891 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NWH.UN shares. CIBC cut their target price on shares of NorthWest Health Prop Real Est Inv Trust from C$5.75 to C$5.50 in a research note on Thursday, August 15th. BMO Capital Markets upped their price objective on shares of NorthWest Health Prop Real Est Inv Trust from C$5.25 to C$5.50 in a research note on Thursday, October 10th. Finally, National Bankshares set a C$5.50 target price on shares of NorthWest Health Prop Real Est Inv Trust and gave the stock a “sector perform” rating in a research note on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, NorthWest Health Prop Real Est Inv Trust presently has an average rating of “Hold” and an average price target of C$5.50.

NorthWest Health Prop Real Est Inv Trust Price Performance

The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of -3.33, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The company has a debt-to-equity ratio of 129.42, a quick ratio of 0.06 and a current ratio of 0.25. The company’s fifty day moving average is C$5.33 and its two-hundred day moving average is C$5.09.

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.