The Globe and Mail reports in its Thursday, Sept. 28, edition that RBC Capital analyst Pammi Bir has reaffirmed his "sector perform" recommendation for Northwest Healthcare Properties REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir cut his unit target by to $2 to $6. Analysts on average target the units at $7.29. Mr. Bir says in a note: "From our lens, Northwest Healthcare has taken some important steps forward on its path to repairing the balance sheet. We believe the 55-per-cent distribution cut was painful, but necessary. Progress on non-core asset sales and interest received to date on segments of the portfolio are encouraging. Still, our earnings outlook took a sizable haircut on higher interest costs. At 13 times 2024 estimated AFFO [adjusted funds from operations] (7.9-per-cent implied cap rate; 41 per cent below NAV), valuation seems reasonable in light of the deleveraging work that lies ahead and a strategic review that's in its early days." The Globe reported on Sept. 6 that Scotia Capital analyst Himanshu Gupta had assumed coverage on Northwest Healthcare with a "sector perform" recommendation. The units could then be had for $6.70.