Industrial Alliance Securities upgraded shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) from a buy rating to a strong-buy rating in a report issued on Wednesday morning, BayStreet.CA reports. Industrial Alliance Securities currently has C$25.00 target price on the stock, up from their prior target price of C$22.00.
Other research analysts also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a research note on Monday, April 22nd. Raymond James raised shares of Minto Apartment Real Estate Invt Trust from an outperform rating to a strong-buy rating in a research note on Monday, July 15th. CIBC lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, May 9th. Finally, National Bank Financial set a C$21.00 target price on shares of Minto Apartment Real Estate Invt Trust and gave the stock a sector perform rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$23.14.
Shares of TSE MI.UN traded up C$0.62 during mid-day trading on Wednesday, hitting C$21.80. The stock had a trading volume of 95,502 shares. The company has a current ratio of 0.39, a quick ratio of 0.06 and a debt-to-equity ratio of 256.87. Minto Apartment Real Estate Invt Trust has a 1 year low of C$16.01 and a 1 year high of C$20.72. The business’s 50 day moving average price is C$19.69. The stock has a market capitalization of $459.15 million and a price-to-earnings ratio of 4.78.
Minto Apartment Real Estate Invt Trust Company Profile
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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