Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) had its price target hoisted by equities researchers at Desjardins from C$19.50 to C$21.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 22.16% from the company’s current price.
Several other research firms have also commented on MI.UN. CIBC increased 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. Scotiabank increased 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. Raymond James raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$20.25 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. BMO Capital Markets lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$17.00 in a report on Monday, November 13th. Finally, National Bankshares raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$15.75 to C$19.25 and gave the stock an “outperform” rating in a report on Monday, January 29th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$20.10.
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Minto Apartment Real Estate Invt Trust Stock Performance
MI.UN opened at C$17.19 on Friday. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$12.81 and a fifty-two week high of C$17.89. The company has a debt-to-equity ratio of 100.91, a quick ratio of 0.04 and a current ratio of 1.08. The company has a fifty day moving average of C$16.60 and a 200 day moving average of C$15.03. The stock has a market capitalization of C$685.88 million, a price-to-earnings 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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