Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) had its price objective raised by equities research analysts at Scotiabank from C$18.75 to C$19.25 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 11.98% from the company’s previous close.
MI.UN has been the subject of a number of other research reports. BMO Capital Markets cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$17.00 in a research report on Monday, November 13th. Desjardins increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$19.50 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Laurentian increased 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. Raymond James increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$20.25 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, National Bankshares raised their price target on shares of Minto Apartment Real Estate Invt Trust from C$15.75 to C$19.25 and gave the company an “outperform” rating in a report on Monday, January 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has an average rating of “Moderate Buy” and an average target price of C$20.10.
Get Our Latest Stock Report on Minto Apartment Real Estate Invt Trust
Minto Apartment Real Estate Invt Trust Trading Up 0.4 %
Minto Apartment Real Estate Invt Trust stock opened at C$17.19 on Friday. Minto Apartment Real Estate Invt Trust has a 52 week low of C$12.81 and a 52 week high of C$17.89. The company has a debt-to-equity ratio of 100.91, a quick ratio of 0.04 and a current ratio of 1.08. The firm has a market capitalization of C$685.88 million, a price-to-earnings ratio of -9.55 and a beta of 1.19. The company has a 50 day moving average price of C$16.60 and a 200 day moving average price of 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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