Shares of Northview Apartment REIT (TSE:NVU.UN) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$29.39.
A number of analysts recently commented on the company. TD Securities increased their price objective on Northview Apartment REIT from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Friday, March 1st. BMO Capital Markets increased their price objective on Northview Apartment REIT from C$28.00 to C$29.50 and gave the company an “average” rating in a research note on Tuesday, March 5th. CIBC reaffirmed an “average” rating and set a C$30.00 price objective on shares of Northview Apartment REIT in a research note on Friday, March 1st. Royal Bank of Canada increased their price objective on Northview Apartment REIT from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 6th. Finally, National Bank Financial increased their price objective on Northview Apartment REIT from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research note on Friday, March 1st.
Northview Apartment REIT stock traded down C$0.01 during trading hours on Monday, hitting C$28.48. The stock had a trading volume of 71,473 shares, compared to its average volume of 134,692. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.09 and a current ratio of 0.12. The firm has a market capitalization of $1.60 billion and a price-to-earnings ratio of 8.30. Northview Apartment REIT has a 1-year low of C$20.30 and a 1-year high of C$26.09.
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.
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