Northview Apartment REIT (TSE:NVU.UN) had its target price hoisted by National Bank Financial from C$30.00 to C$32.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other equities research analysts have also commented on the stock. BMO Capital Markets upped their price objective on shares of Northview Apartment REIT from C$29.50 to C$30.25 in a research note on Friday, August 16th. Echelon Wealth Partners reaffirmed an average rating and issued a C$29.00 price objective on shares of Northview Apartment REIT in a research note on Sunday, August 11th. Finally, Laurentian reduced their price objective on shares of Northview Apartment REIT from C$28.50 to C$28.00 in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$29.86.
NVU.UN opened at C$29.38 on Wednesday. The company’s 50 day moving average price is C$29.40 and its two-hundred day moving average price is C$28.07. The company has a debt-to-equity ratio of 127.38, a current ratio of 0.10 and a quick ratio of 0.04. Northview Apartment REIT has a fifty-two week low of C$23.93 and a fifty-two week high of C$30.75. The firm has a market capitalization of $1.77 billion and a price-to-earnings ratio of 6.00.
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.1358 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Wednesday, October 30th. Northview Apartment REIT’s dividend payout ratio 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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