Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) had its target price hoisted by stock analysts at Raymond James from C$20.25 to C$21.25 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 23.62% from the company’s previous close.
Several other equities research analysts have also weighed in on the company. Desjardins increased their target price on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a “buy” rating in a research report on Friday. National Bankshares increased their target price on Minto Apartment Real Estate Invt Trust from C$15.75 to C$19.25 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Scotiabank increased their target price on 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 report on Friday. Laurentian increased their target price on Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research report on Monday, January 22nd. Finally, CIBC increased their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.10.
Get Our Latest Analysis on MI.UN
Minto Apartment Real Estate Invt Trust Price Performance
Shares of TSE MI.UN opened at C$17.19 on Friday. 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 debt-to-equity ratio of 100.91, a current ratio of 1.08 and a quick ratio of 0.04. The business’s fifty day moving average price is C$16.60 and its two-hundred day moving average price is C$15.03. The firm has a market capitalization of C$685.88 million, a PE ratio of -9.55 and a beta of 1.19.
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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