Free Trial

Canaccord Genuity Group Issues Positive Forecast for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust logo with Real Estate background

Key Points

  • Canaccord Genuity Group raised its target price for Minto Apartment Real Estate Investment Trust from C$15.50 to C$16.50, indicating a potential upside of 19.65% from the current price.
  • Other analysts, including CIBC and National Bankshares, have lowered their target prices for the trust, reflecting varying levels of confidence in its performance.
  • The stock is currently down 1.5%, trading at C$13.79, with analysts providing an average rating of "Moderate Buy" and a target price of C$15.89.
  • Five stocks to consider instead of Minto Apartment Real Estate Invt Trust.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) had its target price upped by investment analysts at Canaccord Genuity Group from C$15.50 to C$16.50 in a note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group's target price indicates a potential upside of 19.65% from the company's previous close.

Other analysts also recently issued research reports about the company. CIBC lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. National Bankshares downgraded Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$15.00 to C$14.00 in a research report on Thursday, May 8th. TD Securities lowered their price target on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Royal Bank Of Canada lowered their price target on Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Scotiabank lowered their price target on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust has an average rating of "Moderate Buy" and an average target price of C$15.89.

Get Our Latest Report on MI.UN

Minto Apartment Real Estate Invt Trust Stock Down 1.5%

TSE MI.UN traded down C$0.21 on Friday, reaching C$13.79. 204,311 shares of the stock traded hands, compared to its average volume of 162,307. 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 company has a fifty day moving average price of C$14.35 and a 200-day moving average price of C$13.52. The company has a market cap of C$550.50 million, a price-to-earnings ratio of -15.49 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12 month low of C$11.94 and a 12 month high of C$17.34.

About Minto Apartment Real Estate Invt Trust

(Get Free Report)

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 and Calgary.

Featured Stories

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Minto Apartment Real Estate Invt Trust Right Now?

Before you consider Minto Apartment Real Estate Invt Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Minto Apartment Real Estate Invt Trust wasn't on the list.

While Minto Apartment Real Estate Invt Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines