Northview Apartment REIT’s (NVU.UN) Outperform Rating Reaffirmed at National Bank Financial

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Northview Apartment REIT (TSE:NVU.UN)‘s stock had its “outperform” rating reiterated by equities researchers at National Bank Financial in a research note issued to investors on Tuesday, BayStreet.CA reports. They presently have a C$30.00 price objective on the stock. National Bank Financial’s target price suggests a potential upside of 11.03% from the company’s current price.

NVU.UN has been the subject of several other research reports. Desjardins restated an “average” rating and set a C$29.00 price target on shares of Northview Apartment REIT in a research report on Friday, March 1st. CIBC reiterated an “average” rating and set a C$30.00 target price on shares of Northview Apartment REIT in a research report on Friday, March 1st. BMO Capital Markets increased their target price on shares of Northview Apartment REIT from C$28.00 to C$29.50 and gave the stock an “average” rating in a research report on Tuesday, March 5th. Canaccord Genuity reiterated a “hold” rating and set a C$28.50 target price on shares of Northview Apartment REIT in a research report on Friday, March 1st. Finally, Royal Bank of Canada increased their target price on shares of Northview Apartment REIT from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$29.56.

Northview Apartment REIT stock opened at C$27.02 on Tuesday. The firm has a market cap of $1.52 billion and a P/E ratio of 7.87. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.09 and a current ratio of 0.12. Northview Apartment REIT has a 12-month low of C$20.30 and a 12-month high of C$26.09.

About Northview Apartment REIT

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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Analyst Recommendations for Northview Apartment REIT (TSE:NVU.UN)

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