Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) had its price target upped by TD Securities from C$19.50 to C$21.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 22.16% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on MI.UN. Raymond James boosted their price objective 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 boosted their price objective 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. BMO Capital Markets cut their price objective 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. Scotiabank boosted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.25 and gave the company a “sector perform” rating in a research report on Friday. Finally, Laurentian boosted their price objective 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.10.
Get Our Latest Stock Analysis on Minto Apartment Real Estate Invt Trust
Minto Apartment Real Estate Invt Trust Price Performance
Shares of 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 firm has a fifty day simple moving average of C$16.60 and a two-hundred day simple moving average of 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. The firm has a market cap of C$685.88 million, a PE ratio of -9.55 and a beta of 1.19.
About Minto Apartment Real Estate Invt Trust
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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