CME glitch; U.S. dollar on pace for weekly fall; Tokyo CPI - what’s moving markets
Investing.com - National Bank Financial downgraded NorthWest Healthcare Properties (TSX:NWH) (OTC:NWHUF) from Outperform to Sector Perform on Thursday.
The financial institution raised its price target on the healthcare real estate investment trust to C$5.90 from the previous C$5.40, despite the downgrade in rating.
National Bank Financial noted that NorthWest Healthcare Properties has delivered a total return of 31% since February, significantly outperforming the S&P/TSX REIT Index, which returned 6% during the same period.
The bank attributed the strong performance to several factors, including the stabilization of NorthWest’s balance sheet, reduced risks associated with HSO, and the addition of a new CEO with extensive experience.
At current price levels, however, National Bank Financial indicated it now prefers seniors-related investment opportunities or durable triple-net retail names that can deliver similar return expectations to those projected for NorthWest Healthcare Properties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.