Northview Apartment REIT (TSE:NVU.UN) Receives “Average” Rating from Echelon Wealth Partners

Echelon Wealth Partners restated their average rating on shares of Northview Apartment REIT (TSE:NVU.UN) in a research note published on Sunday morning, reports. The brokerage currently has a C$29.00 target price on the stock.

Separately, National Bank Financial reissued an outperform rating and issued a C$30.00 price objective on shares of Northview Apartment REIT in a research note on Tuesday, June 11th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of C$29.50.

Shares of Northview Apartment REIT stock traded up C$0.56 on Friday, hitting C$27.99. The company had a trading volume of 134,205 shares, compared to its average volume of 134,692. The firm has a market capitalization of $1.55 billion and a PE ratio of 6.25. Northview Apartment REIT has a 1 year low of C$23.93 and a 1 year high of C$29.51. The stock’s 50 day simple moving average is C$27.19. The company has a debt-to-equity ratio of 139.85, a current ratio of 0.15 and a quick ratio of 0.06.

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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