NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF) Short Interest Down 17.5% in December

by · The Cerbat Gem

NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF – Get Free Report) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 5,018,100 shares, a decrease of 17.5% from the November 30th total of 6,082,600 shares. Based on an average daily volume of 103,900 shares, the days-to-cover ratio is currently 48.3 days.

Analysts Set New Price Targets

A number of research firms have recently commented on NWHUF. BMO Capital Markets reduced their price objective on shares of NorthWest Healthcare Properties Real Estate Investment Trust from C$6.50 to C$6.00 in a research note on Monday, September 25th. Scotiabank cut their target price on shares of NorthWest Healthcare Properties Real Estate Investment Trust from C$8.00 to C$6.50 in a research note on Tuesday, October 10th. National Bank Financial cut their target price on shares of NorthWest Healthcare Properties Real Estate Investment Trust from C$7.00 to C$5.50 in a research note on Tuesday, September 26th. CIBC cut their target price on shares of NorthWest Healthcare Properties Real Estate Investment Trust from C$9.00 to C$6.00 in a research note on Tuesday, September 26th. Finally, Royal Bank of Canada cut their target price on shares of NorthWest Healthcare Properties Real Estate Investment Trust from C$8.00 to C$6.00 in a research note on Wednesday, September 27th.

Get Our Latest Stock Report on NorthWest Healthcare Properties Real Estate Investment Trust

NorthWest Healthcare Properties Real Estate Investment Trust Stock Performance

NWHUF traded up $0.07 during trading on Monday, hitting $3.88. 24,600 shares of the company’s stock were exchanged, compared to its average volume of 35,214. NorthWest Healthcare Properties Real Estate Investment Trust has a fifty-two week low of $2.85 and a fifty-two week high of $7.79. The business’s 50 day moving average is $3.33 and its two-hundred day moving average is $4.23.

NorthWest Healthcare Properties Real Estate Investment Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.0224 per share. This is a boost from NorthWest Healthcare Properties Real Estate Investment Trust’s previous dividend of $0.02. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 7.54%. NorthWest Healthcare Properties Real Estate Investment Trust’s dividend payout ratio is currently -154.95%.

About NorthWest Healthcare Properties Real Estate Investment Trust

(Get Free Report)

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. The REIT provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at September 30, 2023, of interests in a diversified portfolio of 229 income-producing properties and 18.2 million square feet of gross leasable area located throughout major markets in Canada, the United States, Brazil, Europe, Australia, and New Zealand.

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