Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Expected to Rise, National Bankshares Analyst Says

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective upped by analysts at National Bankshares from C$15.00 to C$18.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 3.51% from the stock’s current price.

Separately, TD Securities decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Minto Apartment Real Estate Invt Trust has a consensus rating of “Hold” and an average target price of C$17.06.

Minto Apartment Real Estate Invt Trust Stock Up 0.5%

Minto Apartment Real Estate Invt Trust stock traded up C$0.09 during midday trading on Tuesday, reaching C$17.39. The stock had a trading volume of 539,888 shares, compared to its average volume of 1,300,804. Minto Apartment Real Estate Invt Trust has a 1-year low of C$11.94 and a 1-year high of C$17.39. The firm’s fifty day simple moving average is C$13.50 and its 200-day simple moving average is C$13.76. The stock has a market capitalization of C$637.05 million, a P/E ratio of 9.30 and a beta of 1.00. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.

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, Montreal, Ottawa, Calgary and Vancouver.