Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) had its target price increased by research analysts at Canaccord Genuity Group from C$18.50 to C$20.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 16.35% from the stock’s previous close.
A number of other research firms also recently commented on MI.UN. Laurentian boosted their price target 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. CIBC lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.25 and gave the stock a “sector perform” rating in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$17.00 in a research note on Monday, November 13th. Finally, Desjardins lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$20.10.
Get Our Latest Stock Report on MI.UN
Minto Apartment Real Estate Invt Trust Stock Up 0.4 %
MI.UN 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 market capitalization of C$685.88 million, a price-to-earnings ratio of -9.55 and a beta of 1.19. The firm’s 50-day moving average is C$16.60 and its two-hundred day moving average is C$15.03. 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 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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