Northview Apartment REIT (TSE:NVU.UN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$31.86 and last traded at C$31.84, with a volume of 28324 shares changing hands. The stock had previously closed at C$31.73.
NVU.UN has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on Northview Apartment REIT from C$30.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. CIBC lifted their target price on Northview Apartment REIT from C$31.00 to C$32.00 in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$30.19.
The business has a 50-day simple moving average of C$30.66 and a two-hundred day simple moving average of C$29.58. The stock has a market cap of $1.93 billion and a price-to-earnings ratio of 5.28. The company has a debt-to-equity ratio of 121.02, a current ratio of 0.19 and a quick ratio of 0.07.
Northview Apartment REIT Company Profile (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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