Northview Apartment Real Estate

NVU.UN-T

Analysis and Opinions about NVU.UN-T

Signal
Opinion
Expert
SELL
SELL
January 15, 2020
Rental apartments are a great space, but NVU suffers from poor governance and low-quality real estate. There are way better names elsewhere--like CAP REIT or Killam.
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Rental apartments are a great space, but NVU suffers from poor governance and low-quality real estate. There are way better names elsewhere--like CAP REIT or Killam.
DON'T BUY
DON'T BUY
August 2, 2017

Doesn’t own this, primarily because the balance sheet is a little too highly leveraged for his liking. He worries about the sheer amount of debt they are carrying, which is being coupled with some soft fundamentals in the market they are in. He would prefer others.

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Doesn’t own this, primarily because the balance sheet is a little too highly leveraged for his liking. He worries about the sheer amount of debt they are carrying, which is being coupled with some soft fundamentals in the market they are in. He would prefer others.

COMMENT
COMMENT
June 30, 2017

This sector has done pretty well surprisingly. Feels people are nervous about real estate in Canada, but he doesn’t see it being an issue until 2018. REITs are going to rise moderately, but there will be a cap on them. The chart shows a series of higher lows, and will run into a little resistance at the $22-$26 range. The indicators are all starting to turn up. The downside is relatively limited, and this is a type of holding you should have.

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This sector has done pretty well surprisingly. Feels people are nervous about real estate in Canada, but he doesn’t see it being an issue until 2018. REITs are going to rise moderately, but there will be a cap on them. The chart shows a series of higher lows, and will run into a little resistance at the $22-$26 range. The indicators are all starting to turn up. The downside is relatively limited, and this is a type of holding you should have.

PAST TOP PICK
PAST TOP PICK
June 13, 2017

(A Top Pick June 6/16. Up 8.99%.) This has a beautiful of 7.5% yield, and fully sustainable. A lot of their apartments are out West where things are not as robust. They are working to try to improve their issues. If there are some improvements out West, he can see the stock going to $25, and it could be a takeover candidate.

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(A Top Pick June 6/16. Up 8.99%.) This has a beautiful of 7.5% yield, and fully sustainable. A lot of their apartments are out West where things are not as robust. They are working to try to improve their issues. If there are some improvements out West, he can see the stock going to $25, and it could be a takeover candidate.

COMMENT
COMMENT
May 31, 2017

A combination of apartments in the GTA as well as more remote communities in Alberta and BC. With rental controls in Ontario, he would be a little concerned.

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A combination of apartments in the GTA as well as more remote communities in Alberta and BC. With rental controls in Ontario, he would be a little concerned.

COMMENT
COMMENT
February 8, 2017

The apartment REIT sector is quite attractive. There are immigrants coming into Canada. With the way housing prices are going, people are going to need to rent. This company has a big focus in the North in Alberta. It was under pressure last year because of oil prices and what would happen in Alberta. Trading below its NAV and has a strong yield of about 8%. They are able to get CMHC loans against some of their properties, which makes their financing quite attractive.

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The apartment REIT sector is quite attractive. There are immigrants coming into Canada. With the way housing prices are going, people are going to need to rent. This company has a big focus in the North in Alberta. It was under pressure last year because of oil prices and what would happen in Alberta. Trading below its NAV and has a strong yield of about 8%. They are able to get CMHC loans against some of their properties, which makes their financing quite attractive.

TOP PICK
TOP PICK
February 3, 2017

A little controversial. The company went through a transaction where they expanded into Ontario. The market didn’t like the deal, so the stock suffered. However, at this point, you are getting about 44% exposure to Ontario and East, and the rest is Alberta and North. He likes having some oil exposure in his portfolios. In effect, this is Ontario apartments at Alberta prices, a significant discount to any other Alberta REIT and a higher yield. He doesn’t expect a lot during 2017, but knows his yield is safe. As they improve efficiencies in Ontario, they’ll start to see gains late in the year and into 2018. Dividend yield of 7.82%. (Analysts’ price target is $20.50.)

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A little controversial. The company went through a transaction where they expanded into Ontario. The market didn’t like the deal, so the stock suffered. However, at this point, you are getting about 44% exposure to Ontario and East, and the rest is Alberta and North. He likes having some oil exposure in his portfolios. In effect, this is Ontario apartments at Alberta prices, a significant discount to any other Alberta REIT and a higher yield. He doesn’t expect a lot during 2017, but knows his yield is safe. As they improve efficiencies in Ontario, they’ll start to see gains late in the year and into 2018. Dividend yield of 7.82%. (Analysts’ price target is $20.50.)

HOLD
HOLD
November 17, 2016

He started buying this in the $19 range. Although they had a lot of Fort McMurray and Northern BC exposure, they also have a lot of Ontario assets now. You are now getting Ontario apartments for the price of Alberta apartments, which he likes. 8.6% dividend yield.

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He started buying this in the $19 range. Although they had a lot of Fort McMurray and Northern BC exposure, they also have a lot of Ontario assets now. You are now getting Ontario apartments for the price of Alberta apartments, which he likes. 8.6% dividend yield.

COMMENT
COMMENT
October 13, 2016

They did an offering this week at about a 3% discount to what the stock was trading at. The apartment sector is a good sector. People have undoubtedly been reading about apartment shortages in major Canadian cities, so if you own a lot of apartment buildings, it is not a bad place to be. This is a pretty good operator and it is a good sector to be in.

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They did an offering this week at about a 3% discount to what the stock was trading at. The apartment sector is a good sector. People have undoubtedly been reading about apartment shortages in major Canadian cities, so if you own a lot of apartment buildings, it is not a bad place to be. This is a pretty good operator and it is a good sector to be in.

HOLD
HOLD
September 2, 2016

He is looking at this. It has a lot of northern exposure, which is actually quite stable, but the oil markets less so. Fort McMurray has really picked up, but some of the other oil/gas areas are still seeing weakness. With the merger they add an Ontario portfolio which is much more stable. You’ll probably have to wait a couple of years for this whole thing to work through, but in the meantime you are getting a very attractive yield. 8% yield.

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He is looking at this. It has a lot of northern exposure, which is actually quite stable, but the oil markets less so. Fort McMurray has really picked up, but some of the other oil/gas areas are still seeing weakness. With the merger they add an Ontario portfolio which is much more stable. You’ll probably have to wait a couple of years for this whole thing to work through, but in the meantime you are getting a very attractive yield. 8% yield.

TOP PICK
TOP PICK
June 6, 2016

Cheapest multi family residence by any metric. There are no problems, but people are treating it like it was a Fort McMurray play. There is a lot of return of capital. It is underpriced and deserves a better multiple.

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Cheapest multi family residence by any metric. There are no problems, but people are treating it like it was a Fort McMurray play. There is a lot of return of capital. It is underpriced and deserves a better multiple.

COMMENT
COMMENT
May 6, 2016

This has a large amount of real estate in Fort McMurray and doesn’t know how the fire will affect them. Also, the oil markets they are in are experiencing very high vacancies. They did a merger and now also have an Ontario portfolio. If you have a long-term horizon, and because of the volatility, you will probably do very well. Dividend yield of over 8%.

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This has a large amount of real estate in Fort McMurray and doesn’t know how the fire will affect them. Also, the oil markets they are in are experiencing very high vacancies. They did a merger and now also have an Ontario portfolio. If you have a long-term horizon, and because of the volatility, you will probably do very well. Dividend yield of over 8%.

HOLD
HOLD
November 12, 2015

They have less oil exposure than before recent acquisitions. He does not have post-merger financials in order to evaluate them as a buy. This should keep the stock low for some time. 9.01% yield. Pays you while you wait.

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They have less oil exposure than before recent acquisitions. He does not have post-merger financials in order to evaluate them as a buy. This should keep the stock low for some time. 9.01% yield. Pays you while you wait.

BUY
BUY
November 3, 2015

Has been picking away at this. A great entry point. They acquired True North Apartment (TN.UN-T). There is good and bad associated with the deal. However, on a pro forma basis, the payout ratio is less than 75% and you are getting a high single digit dividend yield with very good geographical diversification in the Canadian apartment sector. A great name to buy because apartments are a very defensive asset class. The diversification because of the acquisition should be beneficial. Dividend yield of 8.65%.

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Has been picking away at this. A great entry point. They acquired True North Apartment (TN.UN-T). There is good and bad associated with the deal. However, on a pro forma basis, the payout ratio is less than 75% and you are getting a high single digit dividend yield with very good geographical diversification in the Canadian apartment sector. A great name to buy because apartments are a very defensive asset class. The diversification because of the acquisition should be beneficial. Dividend yield of 8.65%.

COMMENT
COMMENT
October 1, 2015

Alberta based residential REIT announced a merger with True North. He feels this is a terrible deal with a vote coming up and he urges you to vote against it. Their debt level and payout ratio will go up.

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Alberta based residential REIT announced a merger with True North. He feels this is a terrible deal with a vote coming up and he urges you to vote against it. Their debt level and payout ratio will go up.

COMMENT
COMMENT
September 11, 2015

Proposing to take over True North Apartment REITs. A very controversial deal, and usually this company doesn’t do things that are deemed controversial. The market was not positive on this because basically you usually don’t do dilutive deals when you’re stock price is at a lower level and trading significantly below NAV. The view is that they would like to diversify geographically. They don’t have much Ontario exposure. The timing is questionable, so financially it doesn’t make sense. He is watching to see if the market is overly harsh on this, and if so, he might be able to take advantage of that.

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Proposing to take over True North Apartment REITs. A very controversial deal, and usually this company doesn’t do things that are deemed controversial. The market was not positive on this because basically you usually don’t do dilutive deals when you’re stock price is at a lower level and trading significantly below NAV. The view is that they would like to diversify geographically. They don’t have much Ontario exposure. The timing is questionable, so financially it doesn’t make sense. He is watching to see if the market is overly harsh on this, and if so, he might be able to take advantage of that.

COMMENT
COMMENT
August 19, 2015

Largely an apartment REIT in northern communities and St Johns Newfoundland. A lot of government based for territorial and provincial governance. Fort McMurray is a big market for it, so energy creates ups and downs for it. Low payout ratio and low debt level. Acquiring True North Apartment REIT (TN.UN-T), not a high quality REIT, which took the stock down 10%. A highly dilutive deal that will increase their debt level and increase the payout ratio, which increases the risk. He wants nothing to do with this deal.

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Largely an apartment REIT in northern communities and St Johns Newfoundland. A lot of government based for territorial and provincial governance. Fort McMurray is a big market for it, so energy creates ups and downs for it. Low payout ratio and low debt level. Acquiring True North Apartment REIT (TN.UN-T), not a high quality REIT, which took the stock down 10%. A highly dilutive deal that will increase their debt level and increase the payout ratio, which increases the risk. He wants nothing to do with this deal.

WATCH
WATCH
July 27, 2015

They are seeing 15%+ vacancies in the oil patch. It is a very well run and a very well financed company. Watch for a commodity bottom.

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They are seeing 15%+ vacancies in the oil patch. It is a very well run and a very well financed company. Watch for a commodity bottom.

WAIT
WAIT
June 23, 2015

It is less affected by rising rates because they have a very solid balance sheet and are in apartments, where you can raise the rents sooner. They have exposure to the oil markets in Alberta. They are now seeing 20% vacancy. This company understands that and knows how to weather this out. You would want to stay on the sidelines for now.

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It is less affected by rising rates because they have a very solid balance sheet and are in apartments, where you can raise the rents sooner. They have exposure to the oil markets in Alberta. They are now seeing 20% vacancy. This company understands that and knows how to weather this out. You would want to stay on the sidelines for now.

COMMENT
COMMENT
May 15, 2015

Has a more direct exposure to Fort Murray and Lloyd Minster, so they have seen pressure, and there may continue to be some weakness. Occupancy in those specific markets will continue to be low. What has saved them is there excellent balance sheet and having low debt. The company is in good condition. This is an opportunity to buy if you want to make a call on oil.

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Has a more direct exposure to Fort Murray and Lloyd Minster, so they have seen pressure, and there may continue to be some weakness. Occupancy in those specific markets will continue to be low. What has saved them is there excellent balance sheet and having low debt. The company is in good condition. This is an opportunity to buy if you want to make a call on oil.

COMMENT
COMMENT
May 1, 2015

Feels this one is overdone right now and is at a good entry point. The question is, how bad is the oil situation going to get? He thinks we have hit bottom. His company has a $29 target on this. He would prefer others in this spectrum.

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Feels this one is overdone right now and is at a good entry point. The question is, how bad is the oil situation going to get? He thinks we have hit bottom. His company has a $29 target on this. He would prefer others in this spectrum.

COMMENT
COMMENT
March 3, 2015

This is very specifically focused on the commodities market. Has a larger than average exposure to Fort Murray, and other areas of northern Canada which are gas related. They are being beat up because of that. Balance sheet is in very good condition. At some point it begins to look so cheap that you have to be interested in it again. Some time this year, he thinks this might be a very interesting name that he will want to buy into.

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This is very specifically focused on the commodities market. Has a larger than average exposure to Fort Murray, and other areas of northern Canada which are gas related. They are being beat up because of that. Balance sheet is in very good condition. At some point it begins to look so cheap that you have to be interested in it again. Some time this year, he thinks this might be a very interesting name that he will want to buy into.

BUY
BUY
January 20, 2015

This is mostly multi-apartment dwellings out West, specifically Yellowknife and Fort McMurray. With oil down, this is a REIT that got hit hard. The last couple of earnings releases were weak. Had shown some increase in vacancies and they have development pipelines which wouldn’t be a good thing to have with oil down. A conservative balance sheet, they don’t pay out too much and it has capital to deploy. He started looking at this and started buying a small position. Trading at the lower end of valuation. You kind of have to hold your breath hoping that the oil dynamics won’t impact vacancies that much, because the Alberta market is tight.

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This is mostly multi-apartment dwellings out West, specifically Yellowknife and Fort McMurray. With oil down, this is a REIT that got hit hard. The last couple of earnings releases were weak. Had shown some increase in vacancies and they have development pipelines which wouldn’t be a good thing to have with oil down. A conservative balance sheet, they don’t pay out too much and it has capital to deploy. He started looking at this and started buying a small position. Trading at the lower end of valuation. You kind of have to hold your breath hoping that the oil dynamics won’t impact vacancies that much, because the Alberta market is tight.

PAST TOP PICK
PAST TOP PICK
October 2, 2014

(Top Pick Aug 30/13, Up 13.75%) 5% yield. He continues to hold it. A lot of their apartments have high barriers to entry. Well insulated from competition. You should see lots of organic growth from this company.

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(Top Pick Aug 30/13, Up 13.75%) 5% yield. He continues to hold it. A lot of their apartments have high barriers to entry. Well insulated from competition. You should see lots of organic growth from this company.

PAST TOP PICK
PAST TOP PICK
September 29, 2014

(Top Pick Sep 3/13, Up 12.04%) Trades at a discount to others and payout ratio is low. They sold their seniors residence business. Still likes it.

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(Top Pick Sep 3/13, Up 12.04%) Trades at a discount to others and payout ratio is low. They sold their seniors residence business. Still likes it.

PAST TOP PICK
PAST TOP PICK
September 5, 2014

(Top Pick Sep 3/13, Up 17.12%) They sold a division of seniors homes and are slowly re-deploying the capital and has held back earnings and distribution growth. He sees these starting to accelerate from here.

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(Top Pick Sep 3/13, Up 17.12%) They sold a division of seniors homes and are slowly re-deploying the capital and has held back earnings and distribution growth. He sees these starting to accelerate from here.

PAST TOP PICK
PAST TOP PICK
August 12, 2014

(A Top Pick Aug 30/13. Up 18.27%.) He likes the multi-residential sector. Represents a discount to NAV and you are getting a very decent yield. They own properties that are in very remote locations with high barriers to entry. Decent balance sheet. More of a focus on development versus acquisition.

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(A Top Pick Aug 30/13. Up 18.27%.) He likes the multi-residential sector. Represents a discount to NAV and you are getting a very decent yield. They own properties that are in very remote locations with high barriers to entry. Decent balance sheet. More of a focus on development versus acquisition.

BUY
BUY
July 15, 2014

Dividend is very safe, great balance sheet. Because of exposure to the north it is not a takeout target. The upside is the fact that they are doing interesting developments. Lots of energy exposure provides more stability for them.

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Dividend is very safe, great balance sheet. Because of exposure to the north it is not a takeout target. The upside is the fact that they are doing interesting developments. Lots of energy exposure provides more stability for them.

WAIT
WAIT
April 29, 2014

Great little apartment REIT with most of its assets up north where there is a housing shortage and the government is paying more attention to this now. Competition is rare. He is impressed with the development they are doing a little further south. He trades in and out of it and is out right now. A very stable company, but watch out for Q1 because it was a cold winter.

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Great little apartment REIT with most of its assets up north where there is a housing shortage and the government is paying more attention to this now. Competition is rare. He is impressed with the development they are doing a little further south. He trades in and out of it and is out right now. A very stable company, but watch out for Q1 because it was a cold winter.

DON'T BUY
DON'T BUY
February 28, 2014

We are talking pretty remote parts of Canada. There aren’t many public or private competitors for that space. As they move into more urban areas they will then run into more competitors.

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We are talking pretty remote parts of Canada. There aren’t many public or private competitors for that space. As they move into more urban areas they will then run into more competitors.

Ben Cheng

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Price
$29.360
Owned
Unknown
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Northview Apartment Real Estate(NVU.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Northview Apartment Real Estate is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Northview Apartment Real Estate(NVU.UN-T) Frequently Asked Questions

What is Northview Apartment Real Estate stock symbol?

Northview Apartment Real Estate is a Canadian stock, trading under the symbol NVU.UN-T on the Toronto Stock Exchange (NVU-UN-CT). It is usually referred to as TSX:NVU.UN or NVU.UN-T

Is Northview Apartment Real Estate a buy or a sell?

In the last year, 1 stock analyst published opinions about NVU.UN-T. 0 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is SELL. Read the latest stock experts' ratings for Northview Apartment Real Estate.

Is Northview Apartment Real Estate a good investment or a top pick?

Northview Apartment Real Estate was recommended as a Top Pick by Jeffrey F. Olin on 2020-01-15. Read the latest stock experts ratings for Northview Apartment Real Estate.

Why is Northview Apartment Real Estate stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Northview Apartment Real Estate worth watching?

1 stock analyst on Stockchase covered Northview Apartment Real Estate In the last year. It is a trending stock that is worth watching.

What is Northview Apartment Real Estate stock price?

On 2020-02-21, Northview Apartment Real Estate (NVU.UN-T) stock closed at a price of $36.55.