Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Raised to C$18.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UNFree Report) had its price objective upped by Raymond James Financial from C$14.25 to C$18.00 in a research report released on Tuesday morning,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Several other equities research analysts have also issued reports on the stock. TD Securities lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, December 12th. National Bankshares raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$17.06.

View Our Latest Report on Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Invt Trust Stock Performance

TSE MI.UN opened at C$17.51 on Tuesday. The company has a market cap of C$641.44 million, a P/E ratio of 9.37 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. The business’s 50 day moving average price is C$13.73 and its 200-day moving average price is C$13.84. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$11.94 and a fifty-two week high of C$17.54.

About Minto Apartment Real Estate Invt Trust

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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.

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Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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