Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) had its target price upped by equities researchers at National Bankshares from C$19.25 to C$20.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 16.35% from the company’s previous close.
A number of other research firms also recently issued reports on MI.UN. Laurentian upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research report on Monday, January 22nd. Royal Bank of Canada upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an “outperform” rating in a research report on Friday. Raymond James upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$21.25 and gave the company an “outperform” rating in a research report on Friday. CIBC upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Securities increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$20.10.
Read Our Latest Analysis on Minto Apartment Real Estate Invt Trust
Minto Apartment Real Estate Invt Trust Stock Performance
Minto Apartment Real Estate Invt Trust stock opened at C$17.19 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.04 and a debt-to-equity ratio of 100.91. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89. The company has a market cap of C$685.88 million, a PE ratio of -9.55 and a beta of 1.19. The company’s 50-day moving average is C$16.60 and its two-hundred day moving average is C$15.03.
Minto Apartment Real Estate Invt Trust Company Profile
Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Ottawa, Calgary and Edmonton.
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