Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Free Report) had its price objective hoisted by TD Securities from C$20.00 to C$21.00 in a report published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research analysts have also issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an outperform rating in a research note on Friday, March 8th. CIBC boosted their target price 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 note on Friday, March 8th. Scotiabank reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating for the company in a research note on Monday, March 25th. National Bankshares reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.75 and set an outperform rating for the company in a research note on Wednesday, April 24th. Finally, Raymond James reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.25 to C$20.25 and set an outperform rating for the company in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$20.07.
Read Our Latest Research Report on MI.UN
Minto Apartment Real Estate Invt Trust Stock Performance
Shares of TSE MI.UN traded up C$0.35 during midday trading on Thursday, hitting C$15.50. The company's stock had a trading volume of 255,685 shares, compared to its average volume of 87,947. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.81 and a 1-year high of C$17.89. The firm's fifty day moving average price is C$15.76 and its 200-day moving average price is C$15.63. The company has a debt-to-equity ratio of 107.96, a quick ratio of 0.04 and a current ratio of 1.16. The firm has a market cap of C$618.45 million, a P/E ratio of -5.29 and a beta of 1.17.
Minto Apartment Real Estate Invt Trust Company Profile
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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, Ottawa, Calgary and Edmonton.
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