Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Raised to C$23.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective upped by CIBC from C$22.00 to C$23.00 in a research report issued on Wednesday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 6.98% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Raymond James upgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 15th. TD Securities boosted their target price on Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada boosted their target price on Minto Apartment Real Estate Invt Trust from C$21.50 to C$23.50 and gave the stock an “outperform” rating in a research note on Wednesday. Industrial Alliance Securities upgraded Minto Apartment Real Estate Invt Trust from a “buy” rating to a “strong-buy” rating and boosted their target price for the stock from C$22.00 to C$25.00 in a research note on Wednesday. Finally, National Bank Financial set a C$21.00 target price on Minto Apartment Real Estate Invt Trust and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$23.14.

Shares of MI.UN traded up C$0.32 during trading hours on Wednesday, hitting C$21.50. The company had a trading volume of 67,333 shares. The company has a market cap of $459.15 million and a P/E ratio of 4.72. The company has a debt-to-equity ratio of 256.87, a current ratio of 0.39 and a quick ratio of 0.06. Minto Apartment Real Estate Invt Trust has a one year low of C$16.01 and a one year high of C$20.72. The business’s fifty day moving average price is C$19.65.

About Minto Apartment Real Estate Invt Trust

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

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