02:31:09 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Northwest Healthcare Properties Real Estate I
Symbol NWH
Shares Issued 242,494,222
Close 2023-08-18 C$ 6.43
Market Cap C$ 1,559,237,847
Recent Sedar Documents

Globe says Northwest Healthcare rated "sector perform"

2023-08-18 08:18 ET - In the News

The Globe and Mail reports in its Friday edition that National Bank analyst Tal Woolley has reaffirmed his "sector perform" recommendation on Northwest Healthcare Properties REIT. The Globe's David Leeder writes that Mr. Woolley's unit target edged ahead by half a buck to $7. Analysts on average target the units at $8.64. Mr. Woolley examined the potential outcome for the strategic review happening at Northwest Healthcare after meeting with senior management following last week's release of second quarter results, believing it is eager to find a "more sustainable footing." Mr. Woolley says in a note: "Three reasons to spend some time on Northwest Healthcare now. First, Northwest Healthcare is in the index, so if it does pursue some beneficial changes, it could be an outperformer relative to a highly correlated group of peers. Second, [it] holds a portfolio of differentiated assets that are part of local healthcare infrastructure (to varying degrees), with very long-term leases and a high degree of inflation protection, offering good NOI visibility. Third, Northwest Healthcare's problems are predominantly a balance sheet issue. If the asset performance is stable, a solution for the balance sheet likely exists."

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