Northview Apartment REIT (TSE:NVU.UN) Receives C$29.56 Consensus Price Target from Brokerages
Shares of Northview Apartment REIT (TSE:NVU.UN) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$29.56.
A number of brokerages have recently weighed in on NVU.UN. National Bank Financial reiterated an “outperform” rating and set a C$30.00 target price on shares of Northview Apartment REIT in a research note on Tuesday, June 11th. Echelon Wealth Partners reiterated an “average” rating and set a C$29.00 target price on shares of Northview Apartment REIT in a research note on Sunday. Finally, Laurentian lowered their target price on Northview Apartment REIT from C$28.50 to C$28.00 in a research note on Monday.
TSE:NVU.UN opened at C$28.48 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.15 and a debt-to-equity ratio of 139.85. The company has a 50 day simple moving average of C$27.23. The company has a market capitalization of $1.61 billion and a price-to-earnings ratio of 6.36. Northview Apartment REIT has a 12-month low of C$23.93 and a 12-month high of C$29.51.
Northview is one of Canada's largest publicly traded multi-family REITs with a portfolio of approximately 27,000 residential units and 1.2 million square feet of commercial space in over 60 markets across eight provinces and two territories. Northview's well-diversified portfolio includes markets characterized by expanding populations and growing economies, which provides Northview the means to deliver stable and growing profitability and distributions to Unitholders of Northview over time.
Featured Story: Producer Price Index (PPI)
Receive News & Ratings for Northview Apartment REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northview Apartment REIT and related companies with MarketBeat.com's FREE daily email newsletter.