TSX:NWH.DB.G - Post by User
Post by
OldBayTradeon Nov 01, 2022 10:56am
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Post# 35063050
one of the best deals on the TSX right now
one of the best deals on the TSX right now Just because shares are down doesn’t mean the company hasn’t been performing. In fact, it continues to boast a 14.1-year average lease agreement. It trades at just 5.2 times earnings, all while maintaining a 97% occupancy rate for its growing portfolio.
But what’s so attractive about this stock right now is that it’s also safe. NorthWest offers that fantastically high yield, but it’s supported by long-term agreements. Furthermore, it would take just 88.4% of its equity to cover all its debts right now. With shares down 22% year-to-date, I’d say it’s the perfect time to pick up and hold this dividend stock.