Northview Apartment REIT (TSE:NVU.UN) had its target price lifted by stock analysts at Royal Bank of Canada from C$30.00 to C$31.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 3.99% from the stock’s previous close.

NVU.UN has been the subject of a number of other reports. National Bank Financial increased their price target on shares of Northview Apartment REIT from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Echelon Wealth Partners reissued an “average” rating and issued a C$29.00 price target on shares of Northview Apartment REIT in a research report on Sunday, August 11th. Laurentian reduced their price target on shares of Northview Apartment REIT from C$28.50 to C$28.00 in a research report on Monday, August 12th. Finally, BMO Capital Markets increased their price target on shares of Northview Apartment REIT from C$29.50 to C$30.25 in a research report on Friday, August 16th. Six 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$30.19.

NVU.UN stock traded up C$0.21 during mid-day trading on Monday, reaching C$29.81. 32,332 shares of the stock traded hands, compared to its average volume of 134,692. The company has a current ratio of 0.10, a quick ratio of 0.04 and a debt-to-equity ratio of 127.38. Northview Apartment REIT has a 52-week low of C$23.93 and a 52-week high of C$30.75. The company has a market cap of $1.78 billion and a P/E ratio of 6.08. The stock’s fifty day moving average is C$29.28 and its 200-day moving average is C$28.16.

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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