Northwest Healthcare Property REIT | StockChase
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Northwest Healthcare Property REIT (NWH.UN-T)

Last Price Recorded: $11.5900 on 2017-11-17

ON STOCKCHASE SINCE Apr 2010


Northwest Healthcare Property REIT


Signal Opinion Expert

2017-04-18

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

A really interesting organization. You are buying healthcare assets, such as hospitals and medical treatment centres in multiple markets such as Brazil, Germany, New Zealand and Canada. That really diversifies your risk. He doesn’t own it because as a real estate guy he has trouble valuing properties in those kind of diverse markets, without really understanding what is happening in healthcare, etc. 7.3% dividend yield.

REAL ESTATE
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $10.940
Owned: No

2017-01-25

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

A globally diversified REIT with exposure in Canada, Brazil, Germany, Austria and Asia. Rather than being in healthcare, they are more of a rent collector. In Canada, in particular, they run medical office buildings, which is a more defensive part of the market. Yield of about 8%. Although it has some positive attributes, the balance sheet is stretched, and a lot of their debts are in convertible bonds.

REAL ESTATE
Dean Orrico

President, Middlefield Capital Corp.

Price: $10.160
Owned: Unknown

2016-11-23

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

This has medical office buildings in other parts of the world like Brazil, Australia, New Zealand. There are a lot of cross currency issues. Has a relatively high payout ratio. He prefers other names in terms of risk/reward.

REAL ESTATE
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $9.660
Owned: No

2016-10-12

SHORT
Northwest Healthcare Property REIT (NWH.UN-T)

NWH.UN-T vs. CSH.UN-T.  CSH.UN-T has decent growth because of their demographics.  His problem with REITs is that they were one of the biggest beneficiaries of the low interest rate.  He looks at the cap rate and turns it into an enterprise value and you are paying 15-16 times operating cash flow.  You should pay that for a high tech company, not a healthcare company.  You are paying out 80-90% of the income as yield.  You can’t do that in other sectors.  Where is the money to invest in the business – how does it grow?  He went short the REITs about two months ago.  He does not like either one, but if forced to choose it would be CSH.UN-T.

REAL ESTATE
John Zechner

Chairman, J. Zechner & Assoc

Price: $10.520
Owned: No

2016-10-11

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

Something of a healthcare REIT, and is typical of a lot of younger REITs where they’ve got a development company that identifies properties, builds them up and gets them fully leased, and blends them in. This has had some hiccups in the last little while. It is trading at a discount to NAV. Not a bad way to play the sector if you are looking for real estate exposure in this particular area.

REAL ESTATE
Dean Orrico

President, Middlefield Capital Corp.

Price: $10.480
Owned: Yes

2016-09-21

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

(Market Call Minute.) Excellent management. A niche business in that they are growing in the healthcare space but have now focused outside of Canada, and are getting leased properties that have cap rates that you don’t really see in Canada. Being in a foreign market, currency is an obvious issue. If you own it, he expects you are going to get a nice distribution. Expect they will make acquisitions and grow.

REAL ESTATE
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $10.500
Owned: Unknown

2016-09-02

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

Has trouble figuring out the Brazilian, German, New Zealand and Canadian Healthcare systems, so doesn’t own this. Because it is so complex, he thinks it should trade at a higher yield. Going forward they are committed to growth from a global standpoint. He’ll wait for a couple of more quarters and look for a more stable growth trend. 

REAL ESTATE
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $10.710
Owned: No

2016-07-27

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

Owns this in his income portfolio. Their portfolio is diversified outside of Canada. Thinks they will continue to grow by acquisition. They pay nice yield and the CEO owns a fair bit of the stock as well.

REAL ESTATE
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $10.090
Owned: Yes

2016-07-08

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

(Market Call Minute.) Global exposure to different healthcare sectors, Australia, Germany and Brazil. A little too complicated.

REAL ESTATE
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $9.950
Owned: No

2016-05-06

WAIT
Northwest Healthcare Property REIT (NWH.UN-T)

When you buy this, you are getting the core Medical Office Buildings in Canada, which leases to doctors and clinics. You are also getting some assets in Germany, New Zealand and Brazil. (Hospital type assets.) Have recently gone through a merger and restructuring. He’d like to give it a couple of quarters of hard data to see how they do.

REAL ESTATE
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $9.670
Owned: No

2016-02-09

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

The largest owner of medical office buildings in Canada with some exposure in Brazil, New Zealand and Germany. Because it is so diverse it is tough for investors to get a handle on what is happening in each of those different markets, especially if you consider what is going on in Brazil. He has some underlying concerns about the health in some of those markets. Has a relatively high payout ratio that is going to have to rely on acquisitions to facilitate growth. In this market, where most REITs are trading at a substantial discount to NAV, it is going to be much harder to realize non-organic growth. Prefers others.

REAL ESTATE
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $8.570
Owned: No

2015-12-03

BUY
Northwest Healthcare Property REIT (NWH.UN-T)

Their recent merger with North West International has changed the properties dramatically.  They have medical buildings and hospitals in Brazil, Australia and Germany now.  The portfolio has held up well in Brazil, but he worries about the currency risk.  The balance sheet is in excellent shape.  He thinks the prospects are excellent. 

REAL ESTATE
Ben Cheng

President and Chief Investment Officer, Aston Hill Financial Ltd.

Price: $8.510
Owned: Unknown

2015-07-21

COMMENT
Northwest Healthcare Property REIT (NWH.UN-T)

Sold his holdings a good year ago. The company could never put the puck in the net. Believes they’re merging the Canadian and international divisions. He doesn’t know if the yield is safe, but 10% seems like an outlier.

REAL ESTATE
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $8.030
Owned: No

2015-07-20

DON'T BUY
Northwest Healthcare Property REIT (NWH.UN-T)

He sold it quickly after buying it in 2010.  They had a global health care REIT.  They were running two different businesses.  Should you worry about the global side or the Canadian side.  The end result has been that it is down $2.  They just merged Brazilian/German assets into one entity.  He would avoid this story.

REAL ESTATE
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $8.150
Owned: No

2015-07-02

DON'T BUY
Northwest Healthcare Property REIT (NWH.UN-T)

The largest owner of medical office buildings in Canada. Recently consolidated Northwest International, which was really comprised of medical office buildings in Germany, New Zealand and Brazil. This is now a hodgepodge of medical office buildings in different parts of the world. There is some currency risks. Likes the Canadian assets, but it is a little difficult to discern the growth potential in the International market. Payout ratio is around 100%, but he thinks the dividend is safe.

REAL ESTATE
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $7.920
Owned: No

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1 Comment

REIT

November 24th 2016 at 9:30am

All of intitutions and people are in to investments in order to prosper with the monies amount.
So far only losses have been occuring Why?


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