NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) Stock Passes Below 200-Day Moving Average – Here’s Why

NorthWest Health Prop Real Est Inv Trust (TSE:NWH.UN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.04 and traded as low as C$4.48. NorthWest Health Prop Real Est Inv Trust shares last traded at C$4.52, with a volume of 819,438 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NWH.UN shares. BMO Capital Markets reduced 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. National Bankshares 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 Wednesday, September 4th.

NorthWest Health Prop Real Est Inv Trust Price Performance

The company has a debt-to-equity ratio of 129.42, a current ratio of 0.25 and a quick ratio of 0.06. The company has a market capitalization of C$1.11 billion, a PE ratio of -2.84, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The stock’s 50 day simple moving average is C$4.92 and its 200-day simple moving average is C$5.03.

NorthWest Health Prop Real Est Inv Trust Company Profile

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.