Northview Apartment REIT (TSE:NVU.UN) Given Average Rating of “Hold” by Analysts

Northview Apartment REIT (TSE:NVU.UN) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the stock, reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$29.64.

A number of equities research analysts recently weighed in on NVU.UN shares. Echelon Wealth Partners restated an “average” rating and issued a C$29.00 price target on shares of Northview Apartment REIT in a research note on Sunday, August 11th. Laurentian dropped their price target on Northview Apartment REIT from C$28.50 to C$28.00 in a research note on Monday, August 12th. National Bank Financial reiterated an “outperform” rating and set a C$30.00 price objective on shares of Northview Apartment REIT in a research report on Tuesday, June 11th. Finally, BMO Capital Markets increased their price objective on Northview Apartment REIT from C$29.50 to C$30.25 in a research report on Friday, August 16th.

NVU.UN traded up C$0.20 during trading hours on Monday, reaching C$29.35. The company’s stock had a trading volume of 144,572 shares, compared to its average volume of 134,692. Northview Apartment REIT has a 52 week low of C$23.93 and a 52 week high of C$29.92. The company’s 50-day moving average is C$29.13 and its 200-day moving average is C$28.01. The company has a debt-to-equity ratio of 127.38, a quick ratio of 0.04 and a current ratio of 0.10. The firm has a market cap of $1.77 billion and a PE ratio of 5.99.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.1358 per share. This represents a $1.63 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Friday, September 27th. Northview Apartment REIT’s dividend payout ratio (DPR) is currently 33.27%.

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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