NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF) Short Interest Up 172.3% in April

NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF – Get Rating) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 347,200 shares, a growth of 172.3% from the March 31st total of 127,500 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is currently 55.1 days.

Shares of OTCMKTS NWHUF traded up $0.06 during mid-day trading on Friday, hitting $10.39. The stock had a trading volume of 2,059 shares, compared to its average volume of 5,326. NorthWest Healthcare Properties Real Estate Investment Trust has a 1 year low of $8.50 and a 1 year high of $12.16. The business has a 50 day moving average price of $10.91 and a two hundred day moving average price of $10.75.

The business also recently disclosed a dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be given a dividend of $0.0528 per share. This is an increase from NorthWest Healthcare Properties Real Estate Investment Trust’s previous dividend of $0.05. This represents a yield of 5.87%. The ex-dividend date is Thursday, April 28th.

Several research analysts have commented on NWHUF shares. BMO Capital Markets lifted their price target on shares in NorthWest Healthcare Properties Real Estate Investment Trust from C$14.50 to C$15.70 in a research note on Thursday, March 17th. Royal Bank of Canada lifted their target price on shares in NorthWest Healthcare Properties Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Thursday, March 17th.

About NorthWest Healthcare Properties Real Estate Investment Trust (Get Rating)

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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