03:00:53 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Northwest Healthcare Properties Real Estate Investment Trust
Symbol NWH
Shares Issued 242,494,222
Close 2023-08-14 C$ 6.70
Market Cap C$ 1,624,711,287
Recent Sedar Documents

Globe says Wilkinson moving to sidelines of Northwest

2023-08-15 08:33 ET - In the News

The Globe and Mail reports in its Tuesday, Aug. 15, edition that CIBC analyst Dean Wilkinson lowered his recommendation for Northwest Healthcare Properties REIT to "neutral" from "outperformer," with a $9 unit target, down from $11. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $8.64. Mr. Wilkinson says in a note: "There is a common generalization on the gridiron that there are two types of quarterbacks: those who scramble to the sidelines and those who lower their shoulder and run up the middle. While we're not insinuating that we're staring down a 250 lb linebacker and about to get sacked, in this case we are choosing to move to the sidelines and wait for the field to clear a bit. Given the recent C-suite turnover (a process just beginning) and the U.K. joint venture falling through, we no longer believe that we have sufficient visibility into the very near-term outlook for the REIT. While we view the recently announced strategic review as a step in the right direction, there are perhaps too many unpredictable outcomes on which we cannot, with certainty, provide commentary. To be clear we don't believe there are underlying issues with the real estate."

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