Raymond James Raises Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$19.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price lifted by Raymond James from C$18.75 to C$19.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on MI.UN. BMO Capital Markets dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a report on Monday, October 28th. National Bankshares upped their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. TD Securities lifted their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. CIBC dropped their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday. Finally, Scotiabank reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Minto Apartment Real Estate Invt Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$19.68.

Minto Apartment Real Estate Invt Trust Trading Down 0.1 %

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$14.15 on Thursday. Minto Apartment Real Estate Invt Trust has a 12-month low of C$13.69 and a 12-month high of C$17.89. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The business’s 50 day moving average is C$15.65 and its 200-day moving average is C$15.53. The stock has a market cap of C$564.87 million, a P/E ratio of -15.90 and a beta of 1.23.

About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.