Northview Residential REIT's stock has seen a modest rise this week amidst stable market conditions.
Northview Residential REIT (NRR-UN.TO) closed at C$16.85, reflecting a 0.78% increase both for the day and the week. With no major company news driving the stock price, we will explore the technical indicators and performance metrics that characterize Northview's current market stance.
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Northview Residential REIT
NRR-UN.TO
NRR-UN.TO
Northview Residential REIT
WealthAwesomeMarket cap
$620.75M
P/E
12.6x
52W high
$16.79
52W low
$14.02
1W change
-1.19%
Analyst Price Targets
Based on analyst covering NRR-UN
Wall Street analysts forecast NRR-UN stock price to rise 11.6% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$17.55
+11.6% Upside
Current Price
C$15.72
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on NRR-UN's historical volatility
30-Day Vol
12.1%
Annualized
90-Day Vol
11.0%
Annualized
Trend (90d)
-17.8%
Annualized drift
90d Mean
C$14.75
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$15.39 | C$14.76 โ C$16.05 |
| 60 trading days | C$15.07 | C$14.20 โ C$15.98 |
| 90 trading days | C$14.75 | C$13.72 โ C$15.86 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors in Northview Residential REIT may find the current price action and technical indicators suggest a stable investment, with growth potential in the medium term, backed by solid financial fundamentals.
NRR-UN.TO's 52-week range is C$13.52 โ C$16.96, currently trading at 97% of its range.
With a market cap of C$660 million and a P/E ratio of 9.95, Northview Residential REIT appears to be valued at a competitive rate for its sector.
Bull case
The REIT has consistently increased its funds from operations (FFO) and net operating income (NOI) in recent quarters. This trend indicates strong operational performance and the potential for continued growth.
Bear case
Despite these positive growth metrics, the REIT's profit margin and return on equity are currently at 0%. This raises concerns about its overall profitability and financial health.
Price Action Overview
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Northview Residential REIT's stock closed at C$16.85, marking a 0.78% increase for both the day and the week. The REIT has shown a year-to-date gain of 3.00%, indicating stable performance in the current market environment.
Technical Picture
The stock is currently trading above its 50-day moving average of C$16.57 and its 200-day moving average of C$16.49, indicating positive momentum. The 52-week trading range of C$13.52 to C$16.96 shows that the stock is currently at 97% of its range. With a beta of 0.5, Northview's stock is less volatile compared to the broader market. Recent trading volume of 5,894 shares is 1.48 times the 20-day average volume of 3,982 shares, suggesting increased interest in the stock.
Recent Company News
There have been no significant company announcements this week. However, recent headlines indicate ongoing stability and growth in Northview's financial results, including a strong performance in previous quarters and successful asset sales that have bolstered its financial position.
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