Northview Apartment REIT (TSE:NVU.UN) Sets New 1-Year High at $27.10

Shares of Northview Apartment REIT (TSE:NVU.UN) reached a new 52-week high on Monday . The stock traded as high as C$27.10 and last traded at C$27.06, with a volume of 21598 shares trading hands. The stock had previously closed at C$26.88.

Several analysts recently weighed in on the company. National Bank Financial set a C$30.00 price objective on Northview Apartment REIT and gave the company an “outperform” rating in a report on Tuesday. TD Securities lifted their target price 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. Royal Bank of Canada lifted their target price 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. BMO Capital Markets lifted their target price 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. Finally, Canaccord Genuity reiterated a “hold” rating and issued a C$28.50 target price on shares of Northview Apartment REIT in a research note on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$29.56.

The company has a debt-to-equity ratio of 142.40, a current ratio of 0.12 and a quick ratio of 0.09. The company has a market cap of $1.52 billion and a PE ratio of 7.87.

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About Northview Apartment REIT (TSE:NVU.UN)

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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