The Globe and Mail reports in its Friday, July 24, edition that Desjardins Securities analyst Kyle Stanley has commenced coverage on Northview Residential REIT with a "hold" recommendation and an $18 unit target. The Globe's Darcy Keith writes in the Eye On Equities column that the REIT owns a portfolio of apartment assets in secondary and tertiary markets, with a significant presence in Northern Canada. Mr. Stanley says in a note: "With a concentration in resource extraction–focused markets and the North, Northview is positioned to benefit from new fiscal stimulus programs over the long term. That said, elevated leverage, limited trading liquidity and a fair relative valuation keep us on the sidelines. ... Northland's elevated 6.5-per-cent distribution yield is well-covered; the non-traditional market exposure has been more insulated from population growth deceleration and new supply, while the federal investment cycle in resources and the Arctic offers a longer-term catalyst." The Globe reported on June 25 that RBC Dominion Securities analyst Jimmy Shan had started coverage on Northview Residential REIT with a "sector perform" ranking and a $17.50 unit target. The units could then be had for $16.60.