Short Interest in NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF) Drops By 15.4%

NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF – Get Rating) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 939,800 shares, a decrease of 15.4% from the June 30th total of 1,110,300 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is presently 324.1 days.

NorthWest Healthcare Properties Real Estate Investment Trust Stock Performance

NorthWest Healthcare Properties Real Estate Investment Trust stock opened at $10.19 on Friday. The stock’s 50 day simple moving average is $9.78 and its two-hundred day simple moving average is $10.33. NorthWest Healthcare Properties Real Estate Investment Trust has a 12 month low of $9.00 and a 12 month high of $12.16.

NorthWest Healthcare Properties Real Estate Investment Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be paid a $0.0512 dividend. The ex-dividend date is Thursday, July 28th. This represents a dividend yield of 6.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. National Bank Financial lowered their price objective on shares of NorthWest Healthcare Properties Real Estate Investment Trust from C$15.00 to C$13.50 in a research report on Wednesday, July 20th. BMO Capital Markets raised NorthWest Healthcare Properties Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.75 target price on the stock in a research report on Monday, July 4th.

NorthWest Healthcare Properties Real Estate Investment Trust Company Profile

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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 September 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 190 income-producing properties and 15.4 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand.

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