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

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

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

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded down C$0.10 during midday trading on Thursday, hitting C$14.06. The stock had a trading volume of 21,394 shares, compared to its average volume of 90,593. The company has a market capitalization of C$561.28 million, a PE ratio of -15.91 and a beta of 1.23. The stock has a 50 day moving average price of C$15.69 and a two-hundred day moving average price of C$15.52. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. Minto Apartment Real Estate Invt Trust has a 1 year low of C$13.69 and a 1 year high of C$17.89.

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.