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.
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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
(
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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 and Calgary.
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