Nthview Apartment REIT (NVU.UN) Gets a Buy Rating from CIBC

By Ryan Adsit

Shares of Nthview Apartment REIT (NVU.UNResearch Report) were revisited by a Wall Street analyst yesterday. Analyst Dean Wilkinson from CIBC reiterated a Buy rating, with a C$30 price target.

Wilkinson has an average return of 19.4% when recommending Nthview Apartment REIT.

According to TipRanks.com, Wilkinson is ranked #300 out of 5224 analysts.

Currently, the analyst consensus on Nthview Apartment REIT is a Moderate Buy with an average price target of C$29.50, which is a 3.8% upside from current levels. In a report released today, Desjardins also reiterated a Buy rating on the stock with a C$29 price target.

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The company has a one-year high of C$27.88 and a one-year low of C$23.51. Currently, Nthview Apartment REIT has an average volume of 146.2K.

Northview Apartment Real Estate Investment Trust is an open-end real estate investment trust, which engages in investing in a portfolio of residential income-producing properties. It operates through the following geogprahical segments: Atlantic Canda, Nothern Canada, Ontario, Quebec, and Western Canada.

The company’s shares closed on Friday at C$28.41.