NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF) Trading Down 2.5% – Here’s Why

NorthWest Healthcare Properties Real Estate Investment Trust (OTCMKTS:NWHUF)’s share price was down 2.5% during mid-day trading on Wednesday . The company traded as low as $3.09 and last traded at $3.12. Approximately 9,533 shares changed hands during trading, a decline of 70% from the average daily volume of 31,347 shares. The stock had previously closed at $3.20.

NorthWest Healthcare Properties Real Estate Investment Trust Trading Down 1.3 %

The firm has a fifty day moving average price of $3.34 and a 200 day moving average price of $3.62.

NorthWest Healthcare Properties Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.0211 dividend. This represents a dividend yield of 8.14%. The ex-dividend date of this dividend was Tuesday, December 31st. NorthWest Healthcare Properties Real Estate Investment Trust’s payout ratio is -154.95%.

About NorthWest Healthcare Properties Real Estate Investment Trust

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. The REIT provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at September 30, 2023, of interests in a diversified portfolio of 229 income-producing properties and 18.2 million square feet of gross leasable area located throughout major markets in Canada, the United States, Brazil, Europe, Australia, and New Zealand.