Post by
joeychen0513 on Sep 13, 2024 10:58am
Catch-up Rally
Most REITs keep recording their new 52 week high share price while NWH is still lag behind due to previous dividend cut and high debt reasons as we all know. With the UK assets liquidation and improved debt and payout ratio, and US interest rate cut tailwind next week, hope NWH will have the catch-up rally with other REIT peers...
Comment by
Zipolitemexico on Sep 13, 2024 4:19pm
After a couple of head fakes over the last month we finally had a good sustained rally this week. Many of the REITS are approaching fair price territory so with a healthy dividend and room to run I think this stock will get some attention
Comment by
Matteo93 on Sep 13, 2024 11:51pm
The more i look at it the more i realize the biggest mover for this particular REIT is US Fed funds futures.. odds of larger .50 cut next week rose precipitously this week, which correlated with the rally in NWH. It should actually turn into an outperformer eventually esp. if true recession plays out and you get tailwinds of both cuts, and flight to defensive assets like healthcare.
Comment by
Zipolitemexico on Sep 14, 2024 5:25pm
Good points. Besides being a defensive asset it has a high occupancy rate, long-term leases, most of which are indexed to inflation and of course a really nice dividend