Nthview Apartment REIT Receives a Buy from CIBC

By Carrie Williams

The Financial sector company, Nthview Apartment REIT (TSX: NVU.UN), has received a rating update from a Wall Street analyst yesterday. Analyst Dean Wilkinson from CIBC rated Nthview Apartment REIT (TSX: NVU.UN) a Buy, setting a C$29 price target.

Wilkinson has an average return of 18.2% when recommending Nthview Apartment REIT.

According to TipRanks.com, Wilkinson is ranked #449 out of 4822 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nthview Apartment REIT with a C$28.50 average price target.

Nthview Apartment REIT’s market cap is currently C$1.32B and has a P/E ratio of 6.3. The company has a Price to Book ratio of 1.

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 Monday at C$25.79.